# Inter RAO acquires 33% stake in Russian power equipment maker Invent

Inter RAO Group acquired a 33% stake in Russian power equipment holding Invent for 3 billion rubles, gaining entry into the electrical grid equipment market.

- Type: Acquisition
- Announced: 2016-11-08
- Where: Russia
- Value: $47.0M (3.00B RUB)
- Status: completed
- Products: power cables, transformer substations, pre-insulated pipes
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Inter RAO](https://endata.com/companies/19600.md) (acquirer)
- [Invent](https://endata.com/companies/19601.md) (target)

## Sources

- [bigpowernews.ru](https://www.bigpowernews.ru/markets/document73662.phtml), 2016-11-08: "В рамках сделки по вхождению в капитал компании «Инвэнт» группа «Интер РАО» сможет использовать производственную площадку для развития смежного направления бизнеса – производства специализированной продукции для нужд электроэнергетической отрасли."

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