Tesar fully acquires Tesar Gulf
Tesar srl completed the acquisition of 100% of the shares of Tesar Gulf.
Image for illustration purposes
Italy, Subbiano: This past August, Tesar srl completed the acquisition of 100% of the shares of Tesar Gulf – Al Ain, UAE, becoming its sole shareholder.
Their factory, which was established in 2008 and is located in the emirate of Abu Dhabi, has finally come under their full control. Through this important acquisition, the company can now undertake new market strategies and invest for even more significant growth throughout the Middle East region.
Located in Subbiano, Arezzo, Italy, Tesar has been designing and manufacturing cast resin transformers for more than 40 years. The company was established in 1979 and was the first Italian company to implement the technique of resin casting for transformers. After a few successful business years, the company decided to expand its portfolio to include oil-immersed and instrument transformers.
Given the strategic importance of the Middle East, in 2007 Tesar opened its own representative office in Dubai to improve its local presence in the Gulf countries. In September 2012, Tesar set up the JV company Tesar Gulf together with a local partner and established a new production site in Al Ain to supply the discerning Abu Dhabi market. After many years operating with a sales office in Poland, the company decided to build a new manufacturing facility by the green field in the industrial area of Kraków; it has been up and running since 2013. In 2016, Tesar became part of R&S, a leading provider of electrical infrastructure products in key markets around the globe
Source: Tesar