Koncar - Distribution and Special Transformers Inc. (ZGSE:KODT-R-A) signed a contract to acquire 74% stake in POWER ENGINEERING TRANSFORMATORY Sp. z o.o. from Power Engineering S A for HRK 22.3 million on May 8, 2017. The amount paid for the acquisition of 74% stake will be used for purchasing new equipment and modernizing the plant. Grubisic & Partners acted as financial advisor to Koncar D&ST.