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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Elsewedy Electric acquires 95% of PT CG Power Indonesia · Endata

◂ Announcements

May 6, 2021ACQUISITIONIndonesia, Indonesia

Elsewedy Electric acquires 95% of PT CG Power Indonesia

Elsewedy Electric completed the acquisition of 95% of PT CG Power Indonesia, a power transformer manufacturer in Indonesia. The deal was signed on February 9, 2021 and completed on May 6, 2021.

Value

$60.0M

Status

Completed

Productspower transformers

CompaniesElsewedy Electric acquirer PT CG Power Indonesia target

Sectors#Electrical Equipment

“Elsewedy Electric has completed the acquisition of 95 % of PT CG Power Indonesia, a prominent manufacturer of power transformers in Indonesia.”transformer-magazine.com

2 sources
transformer-magazine.comThe legacy of Pauwels Trafo continues – Transformer MagazineMay 12, 2021
asharqbusiness.com"السويدي إليكتريك" تضخ استثمارات جديدة في إندونيسيا وباكستان لتصنيع محولات الطاقة | الشرق بلومبرغMay 13, 2021

Summarized from public sources; check the original articles before acting on it.

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