# Koncar D&ST to acquire 74% stake in Power Engineering Transformatory for HRK 22.3M

Koncar - Distribution and Special Transformers Inc. signed a contract to acquire a 74% stake in POWER ENGINEERING TRANSFORMATORY Sp. z o.o. from Power Engineering S A for HRK 22.3 million. The amount will be used for purchasing new equipment and modernizing the plant.

- Type: Acquisition
- Announced: 2017-05-08
- Where: Poland
- Value: $3.30M (22.3M HRK)
- Status: announced
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Koncar - Distribution and Special Transformers Inc.](https://endata.com/companies/24089.md) (acquirer)
- [POWER ENGINEERING TRANSFORMATORY Sp. z o.o.](https://endata.com/companies/24090.md) (target)
- [Power Engineering S A](https://endata.com/companies/24091.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/KONCAR-DISTRIBUTIVNI-I-SP-15605538/news/Koncar-Distribution-and-Special-Transformers-Inc-ZGSE-KODT-R-A-signed-a-contract-to-acquire-74-35106229/), 2017-05-07: "Koncar - Distribution and Special Transformers Inc. signed a contract to acquire 74% stake in POWER ENGINEERING TRANSFORMATORY Sp. z o.o. from Power Engineering S A for HRK 22.3 million."

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