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ANNOUNCEMENTSAll New facility Expansion Investment Acquisition Contract Closure

INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

CG Power sells B2B Automation business to Alfanar for €120 million · Endata

◂ Announcements

Mar 6, 2017ACQUISITION

CG Power sells B2B Automation business to Alfanar for €120 million

CG Power and Industrial Solutions sold its B2B Automation business, including ZIV Aplicaciones y Tecnologia, to Alfanar for an enterprise value of €120 million. The transfer was effective March 6, 2017.

Value

$127.0M (120.0M EUR)

Status

Completed

Productsautomation systemselectrical equipment

CompaniesCG Power and Industrial Solutions Alfanar acquirer ZIV Aplicaciones y Tecnologia target ZIV Aplicaciones y Tecnologia, S.L. target

Sectors#Automation and Robotics #Electrical Equipment

“CG Power and Industrial Solutions Limited announces the sale of its B2B Automation business to Alfanar for an enterprise value of 120 million Euros.”energetica-india.net

2 sources
energetica-india.netCG announces sale of B2B Automation business to Alfanar - Asia Pacific | Energetica India MagazineEnergética IndiaMar 8, 2017
powerline.net.inCG announces sale of B2B automation business to AlfanarMar 23, 2017

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

More from CG Power and Industrial Solutions

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CG Power wins €12.5M substation contract for Saudi wind farm
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Aug 20, 2018NEW FACILITYModern Cikande Industrial Estate, Banten, Indonesia$22.5Mops 20 Aug 2018
CG Power inaugurates HV and EHV switchgear plant in Indonesia
CG Power and Industrial Solutions PT PLN (Persero)business-standard.com tndindia.com ekonomi.republika.co.id
Aug 19, 2018PARTNERSHIPMalaysia, Malaysia
CG Power and Tenaga Switchgear sign strategic agreement for Malaysia
CG Power and Industrial Solutions Tenaga Switchgear partner energy.economictimes.indiatimes.com
Feb 12, 2018CONTRACTIndonesia (various regions from Aceh to Papua), Indonesia$50.0M
CG Power Systems Indonesia wins $50M transformer order from PLN
CG Power and Industrial Solutions PT PLN (Persero) customer business-standard.com h.aa.com.tr
Jun 21, 2017ACQUISITIONWashington, Missouri, USA, United States$37.0M452 jobs
WEG acquires CG Power USA Inc. transformer business
WEG acquirer CG Power and Industrial Solutions target weg.net thehindubusinessline.com
Mar 5, 2017ACQUISITION
Al Fanar Company completes acquisition of B2B Automation Business from CG Power
CG Power and Industrial Solutions target Al Fanar Company acquirer marketscreener.com

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