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Elsewedy Electric acquires 60% stake in Thomassen Service · Endata

◂ Announcements

Sep 9, 2026ACQUISITIONUnited Arab Emirates, United Arab Emirates

Elsewedy Electric acquires 60% stake in Thomassen Service

Elsewedy Electric, a Cairo-based cable and electrical equipment manufacturer, acquired a 60% majority stake in UAE-based Thomassen Service, a gas turbine maintenance and repair company. The transaction covers Thomassen Service's Middle East and Africa operations, its filter manufacturing business, and its Africa-based subsidiary.

Status

Announced

Productsgas turbine maintenance and repair servicesfilter manufacturing

CompaniesElsewedy Electric acquirer Thomassen Service target

Sectors#Power Generation Equipment

“The acquisition would strengthen the company’s technical capabilities and expand the value it provides customers across the Middle East, Africa and Europe.”shore.africa

1 source
shore.africaEgyptian billionaire El-Sewedy family's electric firm takes 60% stake in Thomassen ServiceFeyisayo AjayiSep 9, 2026

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

More from Elsewedy Electric

Oct 13, 2026CONTRACTWestern Province, Saudi Arabia, Saudi Arabia$2.20B
Elsewedy Electric JV wins $2.2B EPC contract for Rabigh 2 power plant expansion
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May 22, 2026INVESTMENTUnited Arab Emirates, United Arab Emirates
Elsewedy Electric to develop two gas turbine repair facilities in UAE
Elsewedy Electric hcntimes.com
May 22, 2026ACQUISITIONUnited Arab Emirates, United Arab Emirates
Elsewedy Electric acquires 60% stake in Thomassen Service
Elsewedy Electric acquirer Thomassen Service target billionaires.africa intlbm.com 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
Kingdom Holding Company Elsewedy Electric investor alborsaanews.com

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