China, Beijing: Having missed bond coupon payment last week, an indebted Chinese state-owned firm Baoding Tianwei Baobian Electric has secured a last-minute bail-out loan from China Construction Bank (CCB).
South Africa, Johannesburg: Brazilian power transformer manufacturer WEG S.A. has announced the acquisition of high voltage transformers, mini substations, switchgear manufacturing business and related services from TSS Transformers Ltd., a Heidelberg-based company in South Africa.
UK, Worcestershire: Bromsgrove Winding Services, a Worcestershire transformer manufacturer will be relocating to larger premises securing a new funding deal of £480,000.
USA, Michigan: Blackford Capital, Grand Rapids-based private equity firm, has acquired a Grand Haven transformer manufacturer which custom designs and produces transformers and electrical components for industrial uses.