#acquisition

USA, New York: One Equity Partners (OEP) announced they bought the transformer, switchgear, rotation machine and services interests vested in the Brush Group.

USA, Virginia, Bristol: Graycliff Partners LP has announced that it has completed the acquisition of Electro-Mechanical Corporation (“EMC”).

Switzerland, Hirschthal: PFIFFNER International AG, a solution provider for the electrical power industry and electric railroads, has acquired HAVECO AG.

Brazil, Itajubá: With a 11.800 m² manufacturing site and a workforce of 350 employees, the company is internationally recognized for its products and services technology.

Sweden, Jönköping: Ahlstrom-Munksjö has acquired the electrotechnical paper business from German-based KÄMMERER.

USA, Georgia, Athens: Spire Power Solutions L.P., a portfolio company of Mill Point Capital LLC, has announced acquiring the assets of V&F Transformer.

Japan, Tokyo: Mitsubishi Electric Corporation announced on 10 August the acquisition of Smarter Grid Solution (SGS).

USA, Texas, Houston: RESA Power, LLC, has announced the acquisition of EPIC Energy Solutions, LLC.

India, Ahmedabad: Adani Transmission has signed an agreement to acquire Warora-Kurnool Transmission from the infrastructure unit of Essel group.

USA, Florida, Juno Beach: USA-based clean energy company NextEra Energy Transmission has acquired GridLiance Holdco and GridLiance GP from Blackstone.

On-site power generation equipment manufacturer Pioneer Power Solutions has completed the sale of Pioneer Critical Power to microgrid company CleanSpark

Siemens has acquired a non-controlling minority shareholding of 25% in Coelme Group, a European manufacturer of high-voltage disconnecting switches, the company announced in a press release.

ABB is divesting its Power Grids business to Japan’s Hitachi, which will expand existing partnership between the two companies and provide Power Grids with enhanced access to markets and financing, the company said in a press release.

China Southern Power Grid (CSG), a Chinese state-owned power grid company, has agreed to buy 25.48% stake in the European utility company Encevo for an undisclosed price, reports Compelo.

Italy, Milan: Italian utility Enel SpA has decided to halt further acquisitions in Brazil for the time being as it prepares to complete asset sales of up to $1.8 billion in the second half of the year, reports Reuters.

Germany: German state-owned bank KfW has agreed to acquire 20% stake in Eurogrid International, the holding company of German transmission system operator (TSO) 50Hertz, on behalf of the German Federal Government.

South Africa, Johannesburg: Allied Electronics Corporation Limited (Altron) has finalised the disposal of its 80% interest in Powertech Transformers to a consortium comprising of SGB-SMIT and local-owned Power Matla Group.

USA, Boston: GE announced that it has signed an agreement to sell its Distributed Power business to Advent International, a global private equity investor, for $3.25 billion.

Nigeria, Abuja: The Central Bank of Nigeria (CBN) has approved funds to be provided to power distribution companies in the country for the purchase and installation of over 500 transformers.

REINHAUSEN Group has acquired 100% of the shares of MacLean Power France SAS, the com-pany announced in a press statement.

Croatia, Zagreb: Croatian manufacturer of distribution and special transformers KONČAR – D&ST has signed a contract to acquire a majority stake in the Polish transformer manufacturer Power Engineering Transformatory based in Czerwonak, Poznan.

United Kingdom: The British media have reported that Liberty House has emerged as a frontrunner to acquire Tata Steel’s up for sale businesses in the UK, having tabled substantial cash offers for Tata’s speciality steels and tube pipe businesses.

Japan, Tokyo: Japanese investment fund Polaris Capital Group announced it will purchase Yodogawa Transformer, an Osaka-based manufacturer and lessor of power substations.

USA, New Hampshire: Aclara Technologies LLC, St. Louis-based supplier of smart infrastructure technologies to electric, water and gas utilities, has announced that its affiliate has signed a definitive agreement to acquire the electricity meters business currently operating within GE Energy Management’s Grid Solutions subdivision, along with the General Electric plant in Somersworth, New Hampshire.