Končar, a company focusing on creating innovative products and solutions for a sustainable future, and Siemens Energy, an energy technology company supporting the transition to sustainable energy sources, agreed to form a joint venture. Financial terms were not disclosed. “This collaboration enhances our crisis resilience, speeds up operational efficiency, and boosts effectiveness in related sectors. In this way, we are paving the path for substantial business growth and securing long-term, safer, and improved working conditions for our employees,” Gordan Kolak, Končar President of the Management Board.