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.

Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure

for today and the future. It addresses the pressing challenges of urbanization and climate change

by connecting energy systems, buildings and industries. SI provides customers with a comprehensive

end-to-end portfolio from a single source – with products, systems, solutions and services from the

point of power generation all the way to consumption. With an increasingly digitalized ecosystem,

it helps customers thrive and communities progress while contributing toward protecting the planet.

SI creates environments that care. With around 70,000 employees worldwide, Siemens Smart Infrastructure

has its global headquarters in Zug, Switzerland, and its U.S. corporate headquarters in Buffalo Grove, Illinois, USA.

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