Elsewedy Electric Cements Its Position in Asia with Two Acquisitions

June 2021

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Elsewedy Electric Cements Its Position in Asia with Two Acquisitions

Elsewedy Electric has completed the acquisition of two prominent power transformers companies in Indonesia and Pakistan, marking its first step towards market leadership in Asia, as the company further extends its global reach as a pioneer in innovative integrated energy solutions, cables, and electrical products.

Elsewedy Electric acquired 95% of PT CG Power Indonesia, a prominent manufacturer of power transformers in Indonesia with a production capacity of 10,000 MVA and a specialty in mobile substations. Under the acquisition, Elsewedy Electric also acquired the technological know-how, intellectual property, copyrights, titles, design software, design manuals, and engineering tools that were created under the umbrella of Unipower of Pauwels Belgium for worldwide use and applications over roughly the last 3 decades. Through 6 state-of-the-art manufacturing facilities extending throughout the Middle East, Southeast Asia & Africa, producing the complete range of Power and Distribution transformers to 40 countries worldwide.

Elsewedy Electric also acquired 100% of Validus Engineering, a leading transformer manufacturer in Pakistan, a highly protected market that is on a very steep growth trajectory. Elsewedy Electric plans to introduce its Power Transformer technology to boost the growth of the company. This acquisition will entail an intensive capital expenditure plan to further enhance the capabilities of the company and bring its power transformer capacity up to 5,500 MVA.

The two acquisitions will bring together the combined production capacity of Elsewedy Electric global factories to 30,000 MVA per year.