Thomassen Service

Elsewedy Electric, a Cairo-based cable and electrical equipment manufacturer, acquired a 60% majority stake in UAE-based Thomassen Service, a gas turbine maintenance and repair company. The transaction covers Thomassen Service's Middle East and Africa operations, its filter manufacturing business, and its Africa-based subsidiary.

Elsewedy Electric acquired a 60% majority stake in Thomassen Service, a UAE-based gas turbine maintenance and repair specialist. The deal includes Thomassen's Middle East and Africa operations, filter manufacturing unit, and Africa-based subsidiary.