Siemens's Acquisition of Heliox Cleared by UK Regulator
December 01 2023 - 2:53AM
Dow Jones News
By Elena Vardon
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.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
December 01, 2023 02:38 ET (07:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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