Siemens and Valeo have signed an agreement to form a joint venture in high voltage powertrains. With this move the companies create a global leader of innovative and affordable high-voltage components and systems for the entire range of electric vehicles including hybrids, plug-in hybrids and full electric vehicles. Siemens and Valeo will each hold a 50% stake in the joint venture and have joint control.
Hengeler Mueller is advising Siemens on this Transaction. The Hengeler Mueller team included partners Viola Sailer-Coceani (Corporate, Munich), Daniel Wiegand, Hans-Jörg Ziegenhain (both M&A, Munich), Matthias Scheifele (Tax, Frankfurt), Markus Röhrig (Antitrust, Brussels) as well as associates Bernd Dreier, Daniel Illhardt, Jakub Lorys (Corporate/M&A, all Munich) and Marius Marx (Tax, Frankfurt).
