Tag: acquisition
Siemens acquires 25% stake in Coelme Group
Siemens has acquired a non-controlling minority shareholding of 25% in Coelme Group, a European manufacturer of high-voltage disconnecting switches, the company announced in a press release.
ABB sells Power Grids business to Hitachi
ABB is divesting its Power Grids business to Japan’s Hitachi, which will expand existing partnership between the two companies and provide Power Grids with enhanced access to markets and financing, the company said in a press release.
Hitachi in final talks with ABB about purchasing Power Grids
Japan, Tokyo: Hitachi is in the final stages of discussions with ABB about the acquisition of ABB’s Power Grid business for up to an estimated $7.06 billion.
Siemens to acquire electric infrastructure manufacturer Russelectric
USA, Georgia: Siemens has announced plans to acquire Massachusetts-based Russelectric, a U.S. manufacturer of power control systems including paralleling...
Solomon Corporation acquires South Dakota transformer repair facility
Solomon Corporation, a rebuilder of electrical equipment based in Kansas, and A-Line E.D.S. announced the acquisition and sale of Dakota American Transformers
Chinese power company acquires 25% stake in European utility
China Southern Power Grid (CSG), a Chinese state-owned power grid company, has agreed to buy 25.48% stake in the European utility company Encevo for an undisclosed price, reports Compelo.
Enel stops further acquisitions in Brazil as it sells assets to raise $1.8B
Italy, Milan: Italian utility Enel SpA has decided to halt further acquisitions in Brazil for the time being as it prepares to complete asset sales of up to $1.8 billion in the second half of the year, reports Reuters.
German bank to buy 20% stake in 50Hertz
Germany: German state-owned bank KfW has agreed to acquire 20% stake in Eurogrid International, the holding company of German transmission system operator (TSO) 50Hertz, on behalf of the German Federal Government.
Acquisition of Powertech Transformers concluded
South Africa, Johannesburg: Allied Electronics Corporation Limited (Altron) has finalised the disposal of its 80% interest in Powertech Transformers to a consortium comprising of SGB-SMIT and local-owned Power Matla Group.
GE sells Distributed Power business for $3.25B
USA, Boston: GE announced that it has signed an agreement to sell its Distributed Power business to Advent International, a global private equity investor, for $3.25 billion.
Sunbelt Transformer acquired by Trilantic North America
USA, New York: Trilantic North America, a private equity firm, announced it has acquired a majority interest in Sunbelt Transformer, a Texas and Pennsylvania-based provider of power solutions, equipment and services from Grey Mountain Partners.
CBN provides funds for acquisition of 500 transformers
Nigeria, Abuja: The Central Bank of Nigeria (CBN) has approved funds to be provided to power distribution companies in the country for the purchase and installation of over 500 transformers.
Schneider Electric to buy L&T’s E&A business for $2.1B
India, Mumbai: Larsen & Toubro, India’s engineering, technology and construction company, has signed definitive agreements with Schneider Electric for strategic divestment of its electrical and automation business for an all-cash consideration of $2.1 billion.
Enel offers to acquire Brazilian power distributor for $1.36B
Italian energy company Enel has disclosed its plans to acquire Brazilian power distribution company Eletropaulo Metropolitana Eletricidade de São Paulo (Eletropaulo) for up to $1.36 billion (€1.1 billion).
Power Grid Components acquires instrument transformer maker
Power Grid Components, Inc., a company formed by a private equity firm Shorehill Capital LLC and Rick McClure, has announced the completion of the acquisition of Instrument Transformer Equipment Corporation (ITEC), a North Carolina-based manufacturer of dry molded and oil-filled instrument transformers.
Toshiba sells its South American T&D business
Japan, Tokyo: Toshiba Corporation has decided to transfer all outstanding shares of Toshiba South America Ltda. (TSAL), Toshiba’s consolidated subsidiary in Brazil, to TSEA PARTICIPACOES S.A. (TSEA).
ESCO acquires Manta Test Systems
USA, St. Louis: ESCO Technologies Inc. has acquired the assets of Manta Test System Inc. (Manta), a North American utility solutions provider located in Mississauga, Ontario, Canada.
Vinci Energies acquires UK substation design specialist Kelvin Power
United Kingdom, Leicester: A global engineering company Vinci Energies has acquired Leicester, UK-based substation design specialist, Kelvin Power, as it expands its UK operations.
RESA Power announces acquisition of NPM Services
RESA Power, LLC, a power systems services and life extension solutions for power distribution equipment company, has announced the acquisition of NPM Services, Inc. from Cave City, Kentucky.
Bureau Veritas acquires expert company in transformer oil analysis
France, Neuilly-sur-Seine: Bureau Veritas, a global company engaged in testing, inspection and certification services, announced it has acquired a majority shareholding in Lubrication Management SL (previously the industrial oil analysis Business Unit of IK4-TEKNIKER), a European oil analysis company.
RInfra to sell Mumbai power business to Adani Transmission
India, Maharashtra: Reliance Infrastructure (RInfra) has agreed to sell its integrated Mumbai power business, known as Reliance Energy to Adani Transmission Limited (ATL).
SGB-SMIT acquires majority stake in South African transformer maker
South Africa, Johannesburg: South African company Allied Electronics Corporation Limited (Altron) has reached an agreement to sell its 80% stake in Powertech Transformers to a consortium made up of the European transformer manufacturer SGB-SMIT and Power Matla Group.
Siemens acquires Infolytica to extend portfolio into low-frequency EM simulation
Siemens has entered into an agreement to acquire Montreal, Canada-based Infolytica Corporation, expanding the company’s simulation suite into electromagnetics (EM), Infolytica announced in a press statement.
Reinhausen Group acquires leading reactor technology company
The Reinhausen Group, has acquired 100% of the shares of Hans von Mangoldt GmbH&Co KG, a company globally recognized as the market leader for reactor technology.- 1
- 2
