# Turbogen to acquire 50% stake in Elbatech, giving Tzachi Abu control

Turbogen Ltd. is in negotiations to acquire a 50% stake in Elbatech Ltd. from Abu Yehiel, a company controlled by businessman Tzachi Abu, for approximately ILS 600 million in shares. Upon completion, Tzachi Abu will hold about 55% of Turbogen, becoming its controlling shareholder.

- Type: Acquisition
- Announced: 2026-05-26
- Value: $160.0M (600.0M ILS)
- Status: announced
- Products: local and distributed generation of energy, electricity, and heat
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Turbogen Ltd.](https://endata.com/companies/92140.md) (acquirer)
- [Elbatech Ltd.](https://endata.com/companies/92141.md) (target)
- [Abu Yehiel – Construction Company Ltd.](https://endata.com/companies/92142.md) (partner)
- [Tzachi Abu](https://endata.com/companies/92143.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/businessman-tzachi-abu-moves-to-acquire-control-of-turbogen-302781620.html), 2026-05-26: "The Company is currently conducting negotiations to acquire a 50% stake in Elbatech Ltd., currently held by 'Abu Yehiel – Construction Company Ltd.', a company controlled by businessman Tzachi Abu."

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