# 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.

- Type: Acquisition
- Announced: 2021-05-06
- Where: Indonesia, Indonesia
- Value: $60.0M
- Status: completed
- Products: power transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Elsewedy Electric](https://endata.com/companies/15852.md) (acquirer)
- [PT CG Power Indonesia](https://endata.com/companies/55065.md) (target)

## Sources

- [transformer-magazine.com](https://transformer-magazine.com/news/the-legacy-of-pauwels-trafo-belgium-continues/), 2021-05-12: "Elsewedy Electric has completed the acquisition of 95 % of PT CG Power Indonesia, a prominent manufacturer of power transformers in Indonesia."
- [asharqbusiness.com](https://asharqbusiness.com/financial-markets/6296/%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%AF%D9%8A-%D8%A5%D9%84%D9%8A%D9%83%D8%AA%D8%B1%D9%8A%D9%83-%D8%AA%D8%B6%D8%AE-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%81%D9%8A-%D8%A5%D9%86%D8%AF%D9%88%D9%86%D9%8A%D8%B3%D9%8A%D8%A7-%D9%88%D8%A8%D8%A7%D9%83%D8%B3%D8%AA%D8%A7%D9%86-%D9%84%D8%AA%D8%B5%D9%86%D9%8A%D8%B9-%D9%85%D8%AD%D9%88%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9/), 2021-05-13: "استحواذ شركته على شركتين للمحولات في إندونيسيا وباكستان بقيمة 60 مليون دولار يعزز من عمليات الشركة المنتشرة في أكثر من 70 دولة حول العالم."

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