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)

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