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Elsewedy Electric acquires 60% stake in Thomassen Service · Endata

◂ Announcements

May 22, 2026ACQUISITIONUnited Arab Emirates, United Arab Emirates

Elsewedy Electric acquires 60% stake in Thomassen Service

Elsewedy Electric acquired a 60% majority stake in Thomassen Service, a UAE-based gas turbine maintenance and repair specialist. The deal includes Thomassen's Middle East and Africa operations, filter manufacturing unit, and Africa-based subsidiary.

Status

Completed

Productsgas turbine maintenance and repair services

CompaniesElsewedy Electric acquirer Thomassen Service target

Sectors#Power Generation Equipment

“This acquisition marks an important step in strengthening our technical capabilities and expanding the value we deliver to our customers across the Middle East, Africa, Europe and the Far East.”billionaires.africa

3 sources
billionaires.africaElsewedy Electric acquires 60% stake in Dutch firm ThomassenMfonobong NseheMay 22, 2026
intlbm.comElsewedy Electric Acquires Majority Stake in Thomassen Service - INTLBMMedhaj NairMay 22, 2026
hcntimes.comElsewedy Electric acquires 60% stake in Dutch firm Thomassen – HCNTimes.comHCNTIMESMay 22, 2026

Summarized from public sources; check the original articles before acting on it.

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Sep 9, 2026ACQUISITIONUnited Arab Emirates, United Arab Emirates
Elsewedy Electric acquires 60% stake in Thomassen Service
Elsewedy Electric acquirer Thomassen Service target shore.africa
May 22, 2026INVESTMENTUnited Arab Emirates, United Arab Emirates
Elsewedy Electric to develop two gas turbine repair facilities in UAE
Elsewedy Electric hcntimes.com
Dec 23, 2025CONTRACTAttaqa (Suez) and Mahmoudia (Al-Beheira), Egypt
Elsewedy PSP awarded EPC contract for Attaqa and Mahmoudia gas turbine power plants
Elsewedy Power System Projects Elsewedy Electric partner ecgsa.com
Sep 9, 2025INVESTMENTAlgeria, Algeria$2.50B
Elsewedy Electric to invest $2.5 billion in Algeria
Elsewedy Electric Algerian Investment Promotion Agency partner billionaires.africa
Jan 13, 2025NEW FACILITYIndustria Sadat, Sadat City, Monufia Governorate, Egypt$60.0M500 jobsops 2026
Kingdom Holdings to build $60M flax plant in Sadat City, Egypt
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