◂ Announcements

Aug 16, 2021ACQUISITIONXi'an, Shaanxi, China

China XD Group plans to merge transmission equipment makers into $17B giant

China XD Group Co. plans to combine electricity transmission and distribution equipment makers, including units of China XD and State Grid Corporation of China, to create a $17 billion (110 billion yuan) behemoth. The subsidiaries will be spun off from parent firms by the end of 2021 to allow consolidation.

Value

$17.0B

Status

Announced

Productselectricity transmission and distribution equipment

CompaniesChina XD Group State Grid Corporation of China partner XJ Group target Pinggao Group Company Limited target Shandong Electrical Engineering and Equipment Group Co. Ltd. target China XD Group acquirer

Sectors#Electrical Equipment

“China XD Group Co. plans to combine electricity transmission and distribution equipment makers to create a $17 B (110 B yuan) behemoth.”transformer-magazine.com

2 sources
transformer-magazine.comChina advancing plan for $17 B power grid equipment giant – Transformer MagazineIndustry NavigatorAug 16, 2021
app.dahecube.com国务院已批准！许继电气、平高电气控股股东将与中国西电集团重组整合Sep 14, 2021

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

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