The General Assembly of KONČAR – Power Plant and Electric Traction Engineering Ltd. for production and services approved the status change involving demerger of the company KONČAR – Power Plant and Electric Traction Engineering Ltd. for production and services and the establishment of a new company, KONČAR – Digital Ltd. for digital services and solutions (spin-off), with a portion of the founder’s (demerged company's) assets and liabilities being transferred to the resulting company.