# Bawan's electrical subsidiaries USSG and Utec sign merger deal worth SAR 17 million

United Technology of Electric Substations and Switchgears Co. (USSG) signed a conditional agreement to merge into United Transformers Electric Co. (Utec), a deal worth SAR 17 million. The merger aims to enhance performance and reduce costs.

- Type: Acquisition
- Announced: 2019-06-19
- Where: Saudi Arabia
- Value: $4.53M (17.0M SAR)
- Status: announced
- Products: electric substations, switchgears, transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Bawan Company](https://endata.com/companies/40097.md) (partner)
- [United Technology of Electric Substations and Switchgears Co.](https://endata.com/companies/40098.md) (target)
- [United Transformers Electric Co.](https://endata.com/companies/40099.md) (acquirer)
- [Bawan Engineering Industries](https://endata.com/companies/40100.md) (partner)

## Sources

- [argaam.com](https://www.argaam.com/en/article/articledetail/id/614471), 2019-06-19: "The move aims at enhancing performance and reducing costs, since both companies have compatible business plans and activities."

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