# State Grid to merge units with XD Group to form electrical equipment giant

Three unlisted units of State Grid (Xuji Group, Ping Gao Group, Shandong Electrical Engineering and Equipment Group) will merge with China XD Group to create an electrical equipment company with combined assets over CNY 100 billion.

- Type: Acquisition
- Announced: 2021-09-14
- Where: China
- Status: announced
- Products: electrical equipment, transmission and distribution equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [State Grid Corporation of China](https://endata.com/companies/4270.md)
- [Shandong Electrical Engineering and Equipment Group Co. Ltd.](https://endata.com/companies/41259.md) (target)
- [China XD Group](https://endata.com/companies/52100.md) (target)
- [Xuji Group](https://endata.com/companies/57729.md) (target)
- [Ping Gao Group](https://endata.com/companies/57730.md) (target)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/state-grid-three-electric-equipment-making-units-to-merge-with-china-xd-group), 2021-09-15: "The establishment of the new power equipment group is another step State Grid takes forward to separate its main business from other businesses."

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