United Technology of Electric Substations and Switchgears Co.

Activity by year

20192020202120222023202420252026

Acquisition

Mar 30, 2020ACQUISITIONSaudi Arabia$4.53M
Bawan considers merger of subsidiaries USSG and Utec
Bawan Co. is considering a potential merger between its subsidiaries United Technology of Electric Substations and Switchgears Co. (USSG) and Utec, with USSG's assets and liabilities to be transferred to Utec in a deal worth SAR 17 million.
Bawan Company United Technology of Electric Substations and Switchgears Co. target Utec acquirer #Electrical Equipment argaam.com
Jun 19, 2019ACQUISITIONSaudi Arabia$4.53M
Bawan's electrical subsidiaries USSG and Utec sign merger deal worth SAR 17 million
United Technology of Electric Substations and Switchgears Co. (USSG) signed a conditional agreement to merge into United Transformers Electric Co. (Utec), a deal worth SAR 17 million. The merger aims to enhance performance and reduce costs.
Bawan Company partner United Technology of Electric Substations and Switchgears Co. target United Transformers Electric Co. acquirer Bawan Engineering Industries partner #Electrical Equipment argaam.com

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