The UK Competition and Markets Authority (CMA) has launched a phase 1 investigation into Siemens’ acquisition of Heliox, a Netherlands-based fast charging solutions company.
The British competition watchdog said that it is considering if the previously announced deal would create a relevant merger situation under the merger provisions of the Enterprise Act 2002.
Besides, the regulator will investigate whether the proposed transaction would lead to a significant reduction in competition within any market or markets in the UK for services or goods.
For helping with its assessment, the CMA is seeking comments on the proposed acquisition from interested parties. The last date for filing the comments is 10 November 2023.
The date for the deadline for the phase 1 decision is 22 December 2023, said the anti-trust regulator.
UK CMA stated: “The Competition and Markets Authority (CMA) hereby gives notice pursuant to section 96(2A) of the Act that the merger notice provided by Siemens International Holding BV, a wholly owned subsidiary of Siemens AG (Siemens), of Chargeco Topholding BV (Heliox) (the Merger) meets the requirements of section 96(2) of the Act.”
Siemens announced the deal with Heliox in August 2023.
The Dutch firm offers smart energy management solutions that are customised and scalable within a rapidly evolving e-mobility landscape.
Through the acquisition of Heliox, Siemens aims to bolster its existing eMobility charging portfolio by adding products and solutions for DC fast charging focused on eBus and eTruck fleets.
Besides, Heliox’s portfolio is expected to widen Siemens’ market reach, mainly in Europe and North America apart from enhancing the German firm’s capabilities in power electronics.
