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CG Power to acquire 90% stake in BTW-Atlanta Transformers India for INR 1.6B · Endata

◂ Announcements

Feb 14, 2025ACQUISITIONIndia

CG Power to acquire 90% stake in BTW-Atlanta Transformers India for INR 1.6B

CG Power and Industrial Solutions Limited signed a letter of intent to acquire a 90% stake in BTW-Atlanta Transformers India Private Limited from Baoding Tianwei Baobian Electric Co., Ltd. for INR 1.6 billion (approximately USD 19.2 million).

Value

$19.2M (1.60B INR)

Status

Announced

Productstransformers

CompaniesCG Power and Industrial Solutions acquirer Baoding Tianwei Baobian Electric Co., Ltd. partner BTW-Atlanta Transformers India Private Limited target

Sectors#Electrical Equipment

“CG Power and Industrial Solutions Limited signed a letter of intent to acquire 90% stake in BTW-Atlanta Transformers India Private Limited”marketscreener.com

1 source
marketscreener.comCG Power and Industrial Solutions Limited signed a letter of intent to acquire 90% stake in BTW-Atlanta Transformers India Private Limited from Baoding Tianwei Baobian Electric Co.,Ltd. for INR 1.6 billion.S&P Capital IQFeb 13, 2025

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

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May 16, 2025NEW FACILITYSanand, Gujarat, India$912.0Mops Q3 2026
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May 13, 2025NEW FACILITYSanand, Gujarat, India$222.0Mops Q3 2026
CG Power-Renesas OSAT facility to start chip production by mid-2026
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