Date: 06/02/2018

Siemens Buys Milanović Inženjering

Siemens has expanded its business, acquiring the company Milanović Inženjering from Kragujevac.

The company successfully carried through the acquisition of the Serbian company Milanović Inženjering, a manufacturer of aluminum body parts for railroad vehicles. The approval of the relevant authorities for protection of competition has been obtained, and all the conditions that preceded the acquisition have been successfully met. With this acquisition, Siemens has created an optimum position for future projects in the competitive market of the rail industry.

"The acquisition of Milanović Inženjering is primarily a benefit for our customers, as well as the strengthening of Siemens's international network of manufacturers in the field of industry and our position in Serbia. We are very pleased with the fact that this is the second Siemens factory in Serbia and we look forward to continuing our successful business,” said Udo Eichlinger, General Manager of Siemens Serbia.

"Joining Siemens is a great opportunity for our family, not only for our team, but also for the city of Kragujevac and the entire region of Šumadija," said Bratislav Milanović, owner of Milanović Inženjering.