# 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.

- Type: Acquisition
- Announced: 2026-05-22
- Where: United Arab Emirates, United Arab Emirates
- Status: completed
- Products: gas turbine maintenance and repair services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Elsewedy Electric](https://endata.com/companies/15852.md) (acquirer)
- [Thomassen Service](https://endata.com/companies/92087.md) (target)

## Sources

- [billionaires.africa](https://www.billionaires.africa/2026/05/22/egypts-elsewedy-electric-buys-majority-stake-in-dutch-gas-turbine-specialist-thomassen-service/), 2026-05-22: "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."
- [intlbm.com](https://intlbm.com/2026/05/22/elsewedy-electric-acquires-majority-stake-in-thomassen-service/), 2026-05-22: "This acquisition marks an important step in strengthening our technical capabilities and expanding the value we deliver to our customers across the Middle East."
- [hcntimes.com](https://hcntimes.com/elsewedy-electric-acquires-60-stake-in-dutch-firm-thomassen/), 2026-05-22: "Ahmed Elsewedy said the acquisition strengthens Elsewedy’s technical capabilities and advances its strategy of providing solutions across the full lifecycle of energy projects, from construction through to long-term maintenance and operation."

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