Elsewedy Electric
The latest Elsewedy Electric acquisition secures a 60% majority stake in UAE-based Thomassen Service to expand gas turbine maintenance capabilities across regional markets. The agreement was finalized in Riyadh, Saudi Arabia, bringing specialized repair operations directly under the group’s regional umbrella.
Transaction Details and Operational Assets
The transaction covers the Middle East and Africa operations of Thomassen Service, known as TSME, along with its filter manufacturing unit. In addition, the agreement includes an Africa-based operating subsidiary to support growing regional utility requirements.
Eng. Ahmed Elsewedy, CEO and Managing Director of Elsewedy Electric, signed the agreement alongside Eng. Peter Hertog, CEO of Thomassen Service. Chairman Sadek Elsewedy and senior executives from both companies attended the official signing event.
Strategic Impact of Elsewedy Electric Acquisition
This Elsewedy Electric acquisition adds more than 25 years of technical expertise in gas turbine operations, component repairs, and field servicing. Consequently, regional clients will gain direct access to localized maintenance facilities without relying on overseas service centers.
Furthermore, expanding local repair capacity reduces turnaround times and improves operational efficiency for power plants and heavy industrial facilities. The initiative also supports national energy transition plans and broader economic diversification efforts across the Middle East.
“This acquisition marks an important step in strengthening our technical capabilities and expanding the value we deliver to our customers across the Middle East, Africa, Europe and the Far East.”
Eng. Ahmed Elsewedy, CEO and Managing Director of Elsewedy Electric
Expanding Industrial and Energy Capabilities
Thomassen Service specializes in on-site turbine servicing and component refurbishments for industrial, petrochemical, and power generation clients. Moreover, integration with advanced hardware systems and engineering infrastructure allows the combined entity to deliver full project lifecycle support.
Eng. Peter Hertog noted that joining the group allows Thomassen Service to scale operations into new geographic territories rapidly. Specifically, agile technical teams and international experience will support expanded service delivery in key regional markets.
Future Outlook for Regional Service Delivery
The investment will direct capital into research and development while modernizing operational infrastructure across regional facilities. As a result, the group plans to expand workforce training programs to prepare technical teams for advanced energy sector demands.
Ultimately, the Elsewedy Electric acquisition positions the organization to handle large-scale turbine projects across oil, gas, and utility sectors. Meanwhile, ongoing industrial growth in the Arabian Gulf continues to create steady demand for localized engineering and specialized maintenance solutions.
