Egypt Daily News – El Sewedy Electric has announced the acquisition of a 60% stake in Thomassen Service, including its operational units in the Middle East and Africa (TSME), its filter manufacturing unit, and its African subsidiary.
According to a statement published on the Egyptian Exchange (EGX), the acquisition marks a significant milestone in El Sewedy Electric’s global expansion strategy and its efforts to diversify capabilities within the energy sector. By integrating Thomassen’s expertise into its service portfolio, El Sewedy aims to offer comprehensive, end-to-end solutions—spanning from project execution to long-term operations—ensuring reliability and high operational efficiency for its clients.
The company stated that this deal will enable it to enter new markets in Eastern Europe and the Commonwealth of Independent States (CIS), strengthen its presence in the Middle East, and further expand its operations in Africa, where demand for advanced gas turbine services is on the rise.
Additionally, El Sewedy highlighted that the acquisition represents a strategic expansion into the oil and gas sector, leveraging Thomassen’s experience in on-site maintenance and repair of turbine components to deliver tailored solutions for the petrochemical and industrial sectors.
