STEAG is an international energy supplier, which is active in the generation and supply of electricity and district heating, as well as the project development, construction and operation of power plants and relating technical services. Siemens is a global technology group focused on electrification, automation and digitization in particular concerning power generation and transmission, medical, infrastructure and industrial applications.
The joint venture will build and operate a gas and steam turbine power plant in Herne, of Germany, and market the generated electricity and heat.
The Commission said the EC concluded that the proposed acquisition would raise no competition concerns given the limited overlaps between the companies’ activities. The transaction was examined under the normal merger review procedure.
https://www.neweurope.eu/article/eu-clears-the-creation-of-a-jv-by-steag-and-siemens/