IMS Engineering acquires Heavy Electrical Complex from Pakistan government

IMS Engineering Pvt. Ltd. acquired Heavy Electrical Complex (HEC) from the State Engineering Corporation at Rs. 99.999 per share, resulting in Rs. 1.4 billion in proceeds for the government. IMS plans to expand HEC's product line from power transformers to grid stations and export to regional markets.

“Combined with IMS Engineering and IMS Electric, we will be the only vertically-integrated end-to-end electrical contracting and supply company in Pakistan.”javidlawassociates.com

• 2 sources
• javidlawassociates.comIMS Engineering Acquires Heavy Electrical Complex with Pledge to Expand Product Line - Javid Law AssociatesMar 31, 2022
• propakistani.pkIMS Engineering Acquires Heavy Electrical Complex with Pledge to Expand Product LineProPK StaffApr 1, 2022

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