# 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.

- Type: Acquisition
- Announced: 2026-09-09
- Where: United Arab Emirates, United Arab Emirates
- Status: announced
- Products: gas turbine maintenance and repair services, filter manufacturing
- 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

- [shore.africa](https://shore.africa/2026/09/09/el-sewedy-familys-takes-thomassen-stake/), 2026-09-09: "The acquisition would strengthen the company’s technical capabilities and expand the value it provides customers across the Middle East, Africa and Europe."

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