By Michael Susin

The U.K. Competition and Markets Authority said it has launched an investigation regarding the acquisition of Heliox by a Siemens subsidiary.

The watchdog said that it will consider if the deal made by Siemens International Holding for the Netherlands-based electric-vehicle charging specialist may result in a substantial lessening of competition.

The CMA has invited for comments by Nov. 10, while the first-phase decision of has a deadline of Dec. 22.

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

October 27, 2023 02:29 ET (06:29 GMT)

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