# Voltamp Energy increases stake in Saudi JV National Transformer Company to 80%

Voltamp Energy SAOG has increased its stake in its Saudi joint venture National Transformer Company from 49% to 80%, securing majority ownership and full management control. The move supports its $10 million plan to build a high-voltage transformer manufacturing facility near Jeddah.

- Type: Acquisition
- Announced: 2026-03-02
- Where: Saudi Arabia, Saudi Arabia
- Status: completed
- Products: high-voltage power transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Al Sharif Group](https://endata.com/companies/8079.md) (partner)
- [Voltamp Energy](https://endata.com/companies/15318.md) (acquirer)
- [National Transformer Company](https://endata.com/companies/90635.md) (target)

## Sources

- [zawya.com](https://www.zawya.com/en/economy/gcc/oman-voltamp-energy-secures-control-of-saudi-joint-venture-357419), 2026-03-03: "Voltamp Energy SAOG has strengthened its expansion strategy in Saudi Arabia by increasing its stake in its joint venture, National Transformer Company, to 80 per cent, securing majority ownership and full management control."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.