Schoenherr has provided legal counsel to Siemens Energy in the formation of a joint venture with Končar d.d. (ZSE: KOEI) for the production of transformer tanks. This strategic collaboration will result in the creation of a new joint venture company (JVCo), with Končar holding a 60% stake and Siemens Energy holding the remaining 40%.

Establishing a Cutting-Edge Manufacturing Facility

The joint venture aims to establish a state-of-the-art transformer tank manufacturing facility at Končar's site in Sesvetski Kraljevec. This facility will significantly optimize and boost the production capabilities of Končar's transformer tanks business, leveraging the combined expertise and resources of both companies.

Strategic Partnership for Enhanced Production

The partnership between Siemens Energy and Končar is poised to enhance the production efficiency and capacity of transformer tanks, meeting the growing demand in the industry. This collaboration underscores the commitment of both companies to innovation and excellence in manufacturing.

Schoenherr's advisory role in this joint venture highlights their expertise in facilitating significant industrial partnerships, ensuring the legal and strategic framework supports the long-term success of the venture.