Heavy Electrical Complex (Private) Limited

Activity by year

202120222023202420252026

Acquisition

Mar 31, 2022ACQUISITIONPakistan$7.80M
IMS Engineering acquires Heavy Electrical Complex from Pakistan government
IMS Engineering Pvt. Ltd. acquired Heavy Electrical Complex (HEC) from the State Engineering Corporation at Rs. 99.999 per share, resulting in Rs. 1.4 billion in proceeds for the government. IMS plans to expand HEC's product line from power transformers to grid stations and export to regional markets.
Heavy Electrical Complex (Private) Limited target IMS Engineering acquirer State Engineering Corporation partner #Electrical Equipment javidlawassociates.com propakistani.pk
Feb 1, 2021ACQUISITIONHattar Industrial Estate, Haripur, Pakistan
Waves Singer Pakistan expresses interest in acquiring Heavy Electrical Complex
Waves Singer Pakistan Limited submitted an expression of interest to acquire 96.6% shares of Heavy Electrical Complex from the Government of Pakistan through privatization.
Government of Pakistan investor Waves Singer Pakistan Limited acquirer Heavy Electrical Complex (Private) Limited target #Electrical Equipment thenews.com.pk

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