# Tata Steel Europe sells Cogent Power to JFE Shoji Trade Corp

Tata Steel Europe signed a sales and purchase agreement to sell its subsidiary Cogent Power Inc (CPI) to Japan's JFE Shoji Trade Corporation. CPI manufactures cores for electrical distribution transformers and employs nearly 300 people. Financial details were not disclosed.

- Type: Acquisition
- Announced: 2019-09-02
- Where: Burlington, Canada, Canada
- Status: announced
- Products: cores for electrical distribution transformers
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Tata Steel Europe](https://endata.com/companies/33366.md) (partner)
- [JFE Shoji Trade Corporation](https://endata.com/companies/41792.md) (acquirer)
- [Cogent Power Inc](https://endata.com/companies/41793.md) (target)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/tata-steel-europe-to-sell-cogent-power-to-japans-jfe-shoji-trade-corp/articleshow/70950504.cms), 2019-09-02: "Tata Steel has signed a sales and purchase agreement (SPA) for Cogent Power Inc (CPI), with Japanese steel giant JFE Shoji Trade Corporation."

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