# Elsewedy Electric acquires 95% of PT CG Power Indonesia and 100% of Validus Engineering

Elsewedy Electric acquired 95% of PT CG Power Indonesia, a transformer manufacturer, and 100% of Validus Engineering PVT LTD in Pakistan, for a total of $60 million, to enter Asian markets.

- Type: Acquisition
- Announced: 2021-07-11
- Where: Indonesia, Indonesia
- Value: $60.0M
- Status: announced
- Capacity: 30,000 MVA per year (combined)
- 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)
- [Validus Engineering](https://endata.com/companies/56389.md) (target)

## Sources

- [alborsaanews.com](https://www.alborsaanews.com/2021/07/11/1449159), 2021-07-11: "كشفت شركة "السويدي إليكتريك"، عن دخول السوق الآسيوية من خلال عمليتى استحواذ فى قطاع المحولات فى كل من دولتي إندونسيا وباكستان بقيمة 60 مليون دولار."

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