# Consortium to acquire 80% stake in Powertech Transformers from Altron

Power Matla Limited, Power Matla Transformers Pty Ltd and SGB-SMIT Management GmbH agreed to acquire an 80% stake in Powertech Transformers from Allied Electronics Corporation Limited (Altron) for a nominal consideration, with a ZAR 250 million loan to repay debt.

- Type: Acquisition
- Announced: 2017-11-15
- Where: South Africa
- Status: announced
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Power Matla Limited](https://endata.com/companies/28127.md) (acquirer)
- [Power Matla Transformers Pty Ltd](https://endata.com/companies/28128.md) (acquirer)
- [SGB-SMIT Management GmbH](https://endata.com/companies/28129.md) (acquirer)
- [Powertech Transformers](https://endata.com/companies/28130.md) (target)
- [Allied Electronics Corporation Limited](https://endata.com/companies/28131.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/ALTRON-LIMITED-1413353/news/Power-Matla-Limited-Power-Matla-Transformers-Pty-Ltd-and-SGB-SMIT-Management-GmbH-agreed-to-acquire-34899233/), 2017-11-14: "Power Matla (Pty) Limited, Power Matla Transformers Pty Ltd and SGB-SMIT Management GmbH agreed to acquire 80% stake in Powertech Transformers from Allied Electronics Corporation Limited"

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