Serbia acquires high and low voltage distribution boxes
In line with its regional growth strategy, on July 16, 2025, MVM Zrt. signed a share purchase agreement with the Serbian Maneks Group to increase its stake in Energotehnika Južna Bačka and Elektromontaža Kraljevo from 33. Schneider Electric, the leader in the digital transformation of energy management and automation, has signed a contract to supply medium voltage (MV) equipment and grid management software to upgrade Serbia's electrical distribution network. Record deployment of renewables, accelerating e-mobility diffusion, exponential demand expansion in data centres, hydrogen pilots moving toward industrial scale, and the pressing need to reinforce ageing transmission and distribution infrastructure are converging into one structural reality: Europe. It will also reduce network losses, which will allow huge CO2 emissions reduction and savings.
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