SGB-SMIT

SGB-SMIT is investing in training and production capacity at its Neumark site in Germany to increase output. The plant produced 11,000 oil distribution transformers (11,000 MVA) in 2018, up from 8,430 (7,100 MVA) four years ago.

Retrasib Sibiu, part of the SGB-SMIT group, plans to double its transformer production capacity by 2022 to meet growing export demand. The company will first invest €1 million to modernize its test laboratory.

Allied Electronics Corporation Limited (Altron) has finalized the sale of its 80% interest in Powertech Transformers to a consortium of SGB-SMIT and Power Matla Group. The effective date is 31 July 2018.

One Equity Partners completed the acquisition of SGB-SMIT, the largest independent pure-play power transformer manufacturer headquartered in Regensburg, Germany. Terms were not disclosed.

BC Partners sold German transformer manufacturer SGB-SMIT to One Equity Partners. The company was valued at just below €700 million including debt.