# 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.

- Type: Acquisition
- Announced: 2018-07-30
- Where: Johannesburg, South Africa, South Africa
- Status: completed
- Products: transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Altron](https://endata.com/companies/33386.md)
- [SGB-SMIT](https://endata.com/companies/19383.md) (acquirer)
- [Power Matla Limited](https://endata.com/companies/28127.md) (acquirer)
- [Powertech Transformers](https://endata.com/companies/28130.md) (target)

## Sources

- [transformers-magazine.com](https://transformers-magazine.com/tm-news/5700-acquisition-of-powertech-transformers-concluded/), 2018-07-30: "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."

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