Altron sells 80% stake in Powertech Transformers to SGB-SMIT and Power Matla

Allied Electronics Corporation Limited (Altron) has finalized the sale of its 80% interest in Powertech Transformers to a consortium of SGB-SMIT and Power Matla Group. The effective date is 31 July 2018.

“Allied Electronics Corporation Limited (Altron) has finalised the disposal of its 80% interest in Powertech Transformers to a consortium comprising of SGB-SMIT and local-owned Power Matla Group.”transformers-magazine.com

• 1 source
• transformers-magazine.comAcquisition of Powertech Transformers concluded | Transformer MagazineJul 30, 2018

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