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2024-08-06 00:00:00
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Schoenherr has provided legal counsel to Siemens Energy in the formation of a joint venture with KonÄar 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 KonÄar 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 KonÄar's site in Sesvetski Kraljevec. This facility will significantly optimize and boost the production capabilities of KonÄar's transformer tanks business, leveraging the combined expertise and resources of both companies.
Strategic Partnership for Enhanced Production
The partnership between Siemens Energy and KonÄar 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.
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