# Transformers & Rectifiers India to acquire majority stake in Posco Poggenamp Electrical Steel

Transformers & Rectifiers India has signed a term sheet on November 12, 2024, to acquire a controlling stake in Posco Poggenamp Electrical Steel, a manufacturer of CRGO laminations and built-up cores for transformers.

- Type: Acquisition
- Announced: 2024-11-13
- Where: India
- Status: announced
- Products: CRGO laminations, built-up cores for transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Transformers and Rectifiers (India) Limited](https://endata.com/companies/15399.md) (acquirer)
- [Posco Poggenamp Electrical Steel](https://endata.com/companies/80931.md) (target)

## Sources

- [capitalmarket.com](https://www.capitalmarket.com/markets/news/corporate-news/Transformers-and-Rectifiers-India-to-acquire-majority-stake-in-Posco-Poggenamp-Electrical-Steel/1561580), 2024-11-13: "Transformers & Rectifiers India has decided to make a strategic investment in Posco Poggenamp Electrical Steel by acquiring a controlling stake."

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