# Bawan considers merger of subsidiaries USSG and Utec

Bawan Co. is considering a potential merger between its subsidiaries United Technology of Electric Substations and Switchgears Co. (USSG) and Utec, with USSG's assets and liabilities to be transferred to Utec in a deal worth SAR 17 million.

- Type: Acquisition
- Announced: 2020-03-30
- Where: Saudi Arabia
- Value: $4.53M (17.0M SAR)
- Status: announced
- Products: electric substations and switchgears
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Bawan Company](https://endata.com/companies/40097.md)
- [United Technology of Electric Substations and Switchgears Co.](https://endata.com/companies/40098.md) (target)
- [Utec](https://endata.com/companies/46185.md) (acquirer)

## Sources

- [argaam.com](https://www.argaam.com/en/article/articledetail/id/1362011), 2020-03-30: "Bawan Co. said it is currently considering the feasibility of a potential merger between its subsidiaries."

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