# 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.

- Type: Acquisition
- Announced: 2021-08-16
- Where: Xi'an, Shaanxi, China
- Value: $17.0B
- Status: announced
- Products: electricity transmission and distribution equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [China XD Group](https://endata.com/companies/52100.md)
- [State Grid Corporation of China](https://endata.com/companies/4270.md) (partner)
- [XJ Group](https://endata.com/companies/24013.md) (target)
- [Pinggao Group Company Limited](https://endata.com/companies/32851.md) (target)
- [Shandong Electrical Engineering and Equipment Group Co. Ltd.](https://endata.com/companies/41259.md) (target)
- [China XD Group](https://endata.com/companies/52100.md) (acquirer)

## Sources

- [transformer-magazine.com](https://transformer-magazine.com/news/china-advancing-plan-for-17-b-power-grid-equipment-giant/), 2021-08-16: "China XD Group Co. plans to combine electricity transmission and distribution equipment makers to create a $17 B (110 B yuan) behemoth."
- [app.dahecube.com](https://app.dahecube.com/nweb/news/20210914/107705n0fc1fa165d4.htm?artid=107705), 2021-09-14: "国务院国资委将代表国务院履行出资人职责设立新公司。中国西电集团与国家电网所属许继集团、平高集团、山东电工电气集团以及国家电网所属国网电力科学研究院持有的江苏南瑞恒驰电气装备有限公司、江苏南瑞泰事达电气有限公司、重庆南瑞博瑞变压器有限公司股权整体划入该新公司。"

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