# Turboatom to merge with Electrotyazhmash and rename to Ukrainian Energy Machines

The State Property Fund of Ukraine initiated an extraordinary shareholders' meeting of Turboatom to approve the merger with Electrotyazhmash and rename the company to Ukrainian Energy Machines JSC.

- Type: Acquisition
- Announced: 2021-07-27
- Where: Kharkov, Ukraine, Ukraine
- Status: announced
- Products: turbine equipment, hydrogenerators, turbine generators, electric motors
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Turboatom](https://endata.com/companies/27205.md)
- [Ukrainski Energetichni Mashiny](https://endata.com/companies/57432.md)
- [Turboatom](https://endata.com/companies/27205.md) (acquirer)
- [Electrotyazhmash](https://endata.com/companies/56705.md) (target)
- [Elektrovazhmash](https://endata.com/companies/57431.md) (target)
- [Elektrotyazhmash](https://endata.com/companies/57519.md) (partner)

## Sources

- [metallurgprom.org](https://metallurgprom.org/en/news/ukraine/9194-harkovskij-zavod-turboatom-mogut-pereimenovat-na-ukrainskie-jenergeticheskie-mashiny.html), 2021-07-27: "The State Property Fund (SPF) of Ukraine on August 27 initiates an extraordinary meeting of shareholders of Turboatom JSC, at which it submits the issue of joining the Electrotyazhmash plant."
- [gmk.center](https://gmk.center/ua/news/turboatom-maie-namir-do-zhovtnya-zatverditi-priiednannya-elektrovazhmashu/), 2021-08-30: "Акціонери АТ «Турбоатом» мають намір затвердити договір про приєднання АТ «Електроважмаш» та відповідний передавальний акт на дистанційних позачергових зборах акціонерів 28 вересня."
- [metallurgprom.org](https://metallurgprom.org/en/news/ukraine/9492-turboatom-prirastet-jelektrotjazhmashem-harkovskim-mashzavodam-razreshili-obedinitsja.html), 2021-08-30: "The Cabinet of Ministers of Ukraine approved the joining of Electrotyazhmash Plant JSC to Turboatom JSC."
- [forbes.ua](https://forbes.ua/news/energotyazhmash-slivaetsya-s-turboatomom-zachem-pravitelstvo-sozdaet-krupneyshuyu-mashinostroitelnuyu-kompaniyu-v-strane-i-chto-s-ney-budet-31082021-2335), 2021-08-31: "«Після злиття це буде найбільший машинобудівний холдинг в Україні»"
- [delo.ua](https://delo.ua/business/obedinenie-turboatoma-i-elektrotjazhmasha-usil-386062/), 2021-09-03: "Процедура объединения АО 'Турбоатом' и ГП 'Электротяжмаш' завершится в октябре 2021 года с созданием новой компании 'Украинские энергетические машины'."

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