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.

German transformer maker SGB-SMIT sold to One Equity Partners

Buyout group BC Partners has sold German transformer manufacturer SGB-SMIT to peer investor One Equity Partners, after failing to reach a deal to merge it with the power transformer unit of the French electrical components maker Schneider Electric, according to Reuters.