# Triveni Turbines acquires 70% stake in South African firm TSE Engineering

Triveni Turbines DMCC, a subsidiary of Triveni Turbine Ltd, acquired a 70% majority stake in South African engineering firm TSE Engineering for R11.9 million, announced April 2022.

- Type: Acquisition
- Announced: 2022-04-22
- Where: South Africa
- Value: $770K (11.9M ZAR)
- Status: completed
- Products: industrial steam turbines, rotating equipment engineering services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Triveni Turbines DMCC](https://endata.com/companies/9161.md) (acquirer)
- [TSE Engineering](https://endata.com/companies/9162.md) (target)

## Sources

- [startupmag.co.za](https://startupmag.co.za/2022/04/triveni-turbines-dmcc-announces-the-acquisition-of-south-african-start-up-tse-engineering/), 2022-04-22: "Triveni Turbines DMCC has acquired 70% majority stake in the company for R11.9 million."

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