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.

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.

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.

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.

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.

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.