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Companies line up for Efacec takeover after nationalisation

Jul 7, 2020
The Portuguese Minister of Economy, Pedro Siza Vieira, has allegedly compiled a list of candidates to take over the recently nationalised company Efacec. The Portuguese engineering firm was nationalised this … read more »
Jul 7, 2020

Hitachi completes acquisition of ABB’s Power Grids Business

Jul 2, 2020
Hitachi has announced that it has completed the procedures for its 80.1% investment in the company operating power grids business that had been carved out from ABB Ltd, pursuant to … read more »
Jul 2, 2020

Siemens Linz marks 100 years in transformer manufacturing

Jun 24, 2020
Siemens Transformers Linz (STL) in Austria has reached an important milestone in 2020 – 100 years of transformer manufacturing. Approximately 300 employees and apprentices work at the transformer plant in … read more »
Jun 24, 2020

EU approves acquisition of ABB Power Grids by Hitachi

Jun 4, 2020
The European Commission has approved, under the EU Merger Regulation, the acquisition of the power grid division of ABB of Switzerland by Hitachi of Japan. ABB’s power grid division is … read more »
Jun 4, 2020

Cogent: US-tariffs on electrical steel to push transformer costs

Jun 3, 2020
The announcement of the U.S. Department of Commerce to conduct a national security investigation on the importing of electrical steel raises questions on the consequences. According to Ron Harper, President … read more »
Jun 3, 2020

SPX transformers reports 20% increase in order intake for Q1/2020

Jun 2, 2020
Q1 2020 order intakes and revenues for the US-based company, SPX (Transformer segment), has increased by 22.6% and 12.2%, respectively, compared to the same quarter of last year (Q1 2019). … read more »
Jun 2, 2020

Expert white paper: The world of DGA monitoring and its uncertainties

Jun 1, 2020
With multiple online gas monitors for transformers on the market, it can be difficult for owners to compare and evaluate the different options. There are various factors to consider when … read more »
Jun 1, 2020

Siemens shareholders to receive one Siemens Energy share for every two Siemens shares

Jun 1, 2020
Siemens AG has published key details of the spin-off of its energy business, together with the invitation to the Extraordinary Shareholders’ Meeting on July 9, 2020. Siemens shareholders are to … read more »
Jun 1, 2020

PDVSA board believes Nynas stake to be recoverable

Jun 1, 2020
Representatives of Venezuelan oil and gas company PDVSA have said that they believe their stake in the previously besieged firm Nynas AB is recoverable. The president of a special board … read more »
Jun 1, 2020

Siemens Energy to list as spin-off by end of year

May 28, 2020
Siemens has confirmed that it intends to list Siemens Energy on the stock market as a spin-off by the end of 2020. In May 2019, Siemens announced its intention to … read more »
May 28, 2020

280-ton transformer delivered to Großgartach substation

May 27, 2020
A 280-ton transformer has been delivered to Transnet BW’s Großgartach substation. The transformer was built at Siemens in Nuremberg, it arrived in Schwaigern by rail and was reloaded. After reloading … read more »
May 27, 2020

Northern Transformer completes acquisition of VRT Power’s products

May 26, 2020
Northern Transformer Corporation, a leading manufacturer of power transformers for the North American utility market based in Toronto, announced the acquisition of the North American brand, products and designs of … read more »
May 26, 2020