# Electrical Industries to fully acquire Saudi Transformers Co.

Electrical Industries Co. signed a binding offer to buy CG Power Systems-Belgium's 49% stake in Saudi Transformers Co. for SAR 1 per share, raising its holding to 100%.

- Type: Acquisition
- Announced: 2017-04-12
- Where: Saudi Arabia
- Status: announced
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Electrical Industries](https://endata.com/companies/12225.md) (acquirer)
- [Saudi Transformers Co](https://endata.com/companies/21732.md) (target)
- [CG Power Systems Belgium](https://endata.com/companies/21733.md) (partner)

## Sources

- [argaam.com](https://www.argaam.com/en/article/articledetail/id/480488), 2017-04-13: "EIC signed on Wednesday a binding offer with CG Power Systems-Belgium to buy its 49 percent stake in Saudi Transformers Co. Ltd."

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