PT CG Power Indonesia

Activity by year

202120222023202420252026

Acquisition

Jul 11, 2021ACQUISITIONIndonesia, Indonesia$60.0M
Elsewedy Electric acquires 95% of PT CG Power Indonesia and 100% of Validus Engineering
Elsewedy Electric acquired 95% of PT CG Power Indonesia, a transformer manufacturer, and 100% of Validus Engineering PVT LTD in Pakistan, for a total of $60 million, to enter Asian markets.
Elsewedy Electric acquirer PT CG Power Indonesia target Validus Engineering target #Electrical Equipment alborsaanews.com
May 6, 2021ACQUISITIONIndonesia, Indonesia$60.0M
Elsewedy Electric acquires 95% of PT CG Power Indonesia
Elsewedy Electric completed the acquisition of 95% of PT CG Power Indonesia, a power transformer manufacturer in Indonesia. The deal was signed on February 9, 2021 and completed on May 6, 2021.
Elsewedy Electric acquirer PT CG Power Indonesia target #Electrical Equipment transformer-magazine.com asharqbusiness.com

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