electrical equipment

SGB-SMIT Acquires Majority Stake in COMEL Amid Rising European Grid Equipment Demand

Germany’s SGB-SMIT Group has agreed to acquire a majority stake in Serbian transformer manufacturer COMEL Transformatori, expanding its presence in Southeast Europe as demand for electricity grid equipment continues to grow across the continent. The transaction is expected to close in the second half of 2026, subject to regulatory approvals, while the value of the deal and the size of the acquired stake have not been disclosed. The acquisition brings a profitable Serbian electrical engineering company into an international transformer…