KONČAR D&ST D.D. AQUIRES THE CONTROLLING INTEREST IN THE COMPANY POWER ENGINEERING TRANSFORMATORY Sp. z o.o., CZERWONAK, POZNAN, POLAND
8. 5. 2017Zagreb/Czerwonak, May 8, 2017. The company Končar D & ST signed a contract to acquire majority ownership (74% share) of the company Power Engineering Transformatory Sp. z o.o. (PET) from Czerwonak, Poznan, Poland.
The main activity of the Polish company PET is design, production, marketing and maintenance of medium power transformers up to 63 MVA and with a voltage of up to 145 kV. The company has approximately 60 employees and manufactures and sells transformers exclusively on the Polish market.With the conclusion of this contract KONČAR - D&ST acquires 74 % of the shares and the investment will be intended for the procurement of new equipment, the restructuring and modernization of the facility and human resources. Končar D & ST shall also, along with the financial part, invest their know-how and thus assist in the further development and creation of a modern and competitive medium power transformers factory in Poland with the expected return of investment through the medium-term period.
Koncar - distributivni i specijalni transformatori dd published this content on 08 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 May 2017 12:42:21 UTC.