Belgium, Brussels: General Electric has won EU approval for its €12.4 billion ($13.9 billion) acquisition of Alstom’s power business after agreeing to sell some of the French company’s turbine assets to Italian rival Ansaldo Energia.
The South African electrical equipment supplier and manufacturer Zest WEG, part of Brazilian WEG Group, is looking for more acquisitions in Africa, having recently completed a transaction to buy TSS Transformers, which increases the range and scale of transformers on offer from the company.
USA, New Jersey: Pioneer Power Solutions, Inc. a Fort Lee-based manufacturer of liquid-filled and dry-type transformers, has announced that its Pioneer CEP subsidiary had acquired substantially all of the assets of Pacific Power Systems Integration, Inc.
India, Kerala: While announcing its fourth quarter results last week, Crompton Greaves announced that it would sell the foreign power business, including foreign transformer business.
Germany, Regensburg: German power engineering company Maschinenfabrik Reinhausen (MR) has acquired a majority holding in the US service company Atlantic Transformer Services (ATS) in Bayville, New Jersey.
Spain, Bilboa: Spanish utility Iberdrola will buy a Connecticut-based UIL Holdings Corporation for about $3 billion to create a new listed power and electric utility and expand in the United States.
USA, Massachusetts: Doble Engineering Company, a subsidiary of ESCO Technologies, Inc. and a provider of diagnostic test instruments and services for electric power industry has acquired the assets of ENOSERV LLC, provider of agnostic system protection testing software and automation tools.
Argentine, La Rioja: The Argentine Ministry of Federal Planning has announced a public tender for the acquisition of two power transformers 500/138/34.5 kV – 300 MVA.