Arab Finance: A company announced Swedish Electric (SWDY)For its acquisition of 60% women of Thomassen Service, which includes its operational unit in the Middle East and Africa (TSME), the Filters Manufacturing Unit, and its subsidiary operating company in Africa, according to Statement The Egyptian Stock Exchange.
Promote the company's business portfolio by integrating specialized capabilities in the operation and maintenance of power plants in gas turbines; Where this acquisition represents an important step within the framework of the company's expansion globally and diversifying its capacity in the energy sector, and enhances its capabilities from specialized in operating and maintaining gas turbine and repairing its components.
Thompson's experiences will be integrated into the Swedish Electric Services series to provide integrated solutions covering the full project life cycle – from implementation to long -term operation – which guarantees reliability and high operational efficiency for the company's customers and added that thanks to the presence of TSME in the Emirates, Oman and Nigeria, this deal will enable the Swedish Electric Company to enter new markets in Europe, especially Eastern Europe and the countries of the Association of Independent Countries, and enhance its presence in The Middle East, and expanding its business in Africa with the increasing demand for advanced gas turbine services.
She emphasized that this deal represents a strategic expansion of the company in the oil and gas sector, by taking advantage of Thompson's experiences in maintaining and repairing the components of turbines in the sites, to provide solutions dedicated to petrochemical industries and industrial customers, and pointed out that Thomassen Service will also benefit as part of the Swedish Electric Group of stronger financial solvency, and the opportunities to enter new markets and merger In the integrated value chain for engineering and integrated construction projects, this cooperation will enable the company to expand its operations, enhance its geographical presence, accelerate investment in technology and develop cadres and infrastructure, which enhances its competitiveness and its ability to provide leading services in the energy, oil and gas sectors.
The company had decided to distribute the coupon No. (17) by 1,000 pounds per share, as of 05/15/2025, and thus the right to distribution to the share buyers until the end of the session on Monday 12/05/2025, according Statement The Egyptian Stock Exchange.
The company was established in 1938 and operates in five major business sectors: wires, cables, accessories, electrical products, engineering and construction, digital solutions, and infrastructure investments. It has a strong presence in 19 countries around the world, and 31 production facilities spread in African and Asian countries, including Egypt, Algeria, Saudi Arabia, Qatar, Indonesia, Pakistan and Tanzania.
A wide range of high -quality products is exported to more than 110 countries around the world. Al -Swedish Electric follows a distinct approach in providing integrated services in the field of engineering, purchases and construction (EPC), which enables it to deliver all projects of an integrated nature ready for actual operation on time and with the highest efficiency.
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