The acquisition of Heliox by a Siemens subsidiary has been cleared by the
U.K.'s Competition and Market Authority.
The regulator said on Friday that the planned merger between a subsidiary of the German
industrial company--Siemens International Holding--and the Netherlands-based electric-vehicle
charging specialist doesn't qualify for investigation.
The watchdog had opened an investigation in late October to determine whether the deal
would result in a substantial lessening of competition. Both groups operate in the e-mobility
charging landscape. Siemens said in August that it would buy Heliox from Waterland, without
disclosing financial details.
Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure
for today and the future. It addresses the pressing challenges of urbanization and climate change
by connecting energy systems, buildings and industries. SI provides customers with a comprehensive
end-to-end portfolio from a single source – with products, systems, solutions and services from the
point of power generation all the way to consumption. With an increasingly digitalized ecosystem,
it helps customers thrive and communities progress while contributing toward protecting the planet.
SI creates environments that care. With around 70,000 employees worldwide, Siemens Smart Infrastructure
has its global headquarters in Zug, Switzerland, and its U.S. corporate headquarters in Buffalo Grove, Illinois, USA.
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