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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

TECO Electric & Machinery acquires 57.2% stake in Shenchang Electric · Endata

◂ Announcements

Sep 24, 2024ACQUISITIONTWN

TECO Electric & Machinery acquires 57.2% stake in Shenchang Electric

TECO Electric & Machinery Co., Ltd. announced the acquisition of a 57.2% stake in Shenchang Electric Co., Ltd., a transformer manufacturer, for a total consideration not exceeding NT$550 million. The acquisition includes a strategic alliance with Shenchang's Indonesian affiliate PT. Sintra Sinarindo Elektrik.

Status

Announced

Productsdistribution transformerspower transformers

CompaniesTeco Electric & Machinery Co. acquirer PT Sintra Sinarindo Elektrik partner Shenchang Electric Co., Ltd. target

Sectors#Electrical Equipment

“This acquisition demonstrates TECO's initial step into the global transformer market, completing the gap in TECO’s electrification product portfolio.”teco.com.tw

1 source
teco.com.twTECO Announces Acquisition of Shenchang Electric Co. , accelerating Entry into the Global Transformer Market | TECO CorporationSep 24, 2024

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

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