Elsewedy Electric-a leading integrated provider of energy and infrastructure solutions across Europe, the Middle East, and Africa, has officially acquired a 60% majority stake in Netherlands-based Thomassen Service, a premier specialist in gas turbine maintenance and repair solutions.
This strategic transaction includes Thomassen Serviceโs Middle East and Africa operations (TSME), its filter manufacturing unit, and its Africa-based subsidiary, positioning both entities to capture accelerating industrial demand across Europe, the Middle East, and Africa (EMEA).
The agreement was signed by Eng. Ahmed Elsewedy, CEO and Managing Director of Elsewedy Electric, and Eng. Peter Hertog, CEO of Thomassen Service, in the presence of Mr. Sadek Elsewedy, Chairman, alongside senior leadership from both organizations.
Key Strategic Highlights
- Expanded Lifecycle Capabilities: The partnership integrates Thomassen Serviceโs three decades of specialized gas turbine maintenance expertise with Elsewedy Electricโs massive project infrastructure, delivering fully integrated, end-to-end solutions across the energy value chain.
- Regional Localization & Efficiency: By leveraging Thomassen Serviceโs advanced capabilities, Elsewedy Electric will enhance localized service delivery, drastically reducing client reliance on overseas facilities while optimizing operational turnaround times and asset reliability.
- Targeted GCC Infrastructure Scaling: The acquisition directly aligns with rising energy demands in the Arabian Gulf and supports regional economic frameworks, including Vision 2030 objectives for industrial and power generation development.
- Advanced Regional Facilities: To support this integration, Elsewedy Electric is currently developing two advanced facilities in the United Arab Emirates (UAE) dedicated strictly to gas turbine component repair and localized engineering ecosystems.
- Global Market Expansion: The deal allows Netherlands-based Thomassen Service to leverage Elsewedy Electricโs robust financial strength and regional footprint to scale operations into high-growth global energy, oil, and gas markets.
- Accelerated Technological Investment: This corporate alliance is set to drive significant joint investments in cutting-edge turbine technologies, infrastructure development, and specialized technical talent across the industrial and petrochemical sectors.
Leadership Perspectives
Eng. Ahmed Elsewedy, CEO and Managing Director of Elsewedy Electric, commented: โThis acquisition marks an important step in strengthening our technical capabilities and expanding the value we deliver to our customers across the Middle East, Africa, and Europe. By combining Thomassen Serviceโs specialized expertise with our integrated project capabilities, we are well positioned to meet the evolving needs of the energy sector.โ He added: โIt also represents a key milestone in our global expansion strategy, enabling us to provide comprehensive solutions across the full lifecycle of energy projectsโfrom execution to long-term maintenance and operationโwhile ensuring the highest standards of performance and reliability.โ
Eng. Peter Hertog, CEO of Thomassen Service, said: โJoining Elsewedy Electric opens significant opportunities to scale our operations and extend our reach into new markets. We are proud to become part of a group that shares our commitment to quality, innovation, and customer focus. He added: โOur strong track record in turbine maintenance and repair, supported by agile technical teams and international experience, positions us well to contribute to Elsewedy Electricโs growing portfolio and deliver enhanced value to customers across key markets.โ
Future Outlook & Strategic Alignment
The partnership between Elsewedy Electric and Thomassen Service establishes a powerful collaboration aimed at capturing high-growth markets across Europe, the Middle East, and Africa. By combining Thomassen Serviceโs three decades of advanced gas turbine engineering with Elsewedy Electric’s financial power and extensive regional infrastructure, the alliance is positioned to deliver comprehensive solutions across the entire lifecycle of energy projects.
The collaboration will also accelerate joint investments in cutting-edge turbine technologies, expand localized infrastructureโsuch as the development of two advanced repair facilities in the UAEโand foster specialized technical talent. Ultimately, this integration optimizes asset reliability and reduces turnaround times for industrial and petrochemical clients, boosting their collective position as dominant leaders across the global energy, oil, and gas value chains.
