CCP Clears DW Pakistan Power Transformer Acquisition

The Competition Commission of Pakistan (CCP) greenlit the acquisition of shareholding in M/s. Heavy Electrical Complex (Private) Limited by M/s. DW Pakistan (Private) Limited from M/s. IMS Engineering (Private) Limited, via a share purchase agreement, as revealed on September 9.

The acquirer, DW Pakistan, engages in investments and acquisitions spanning diverse sectors but holds no presence in manufacturing, engineering, or energy markets. The target, Heavy Electrical Complex, excels in manufacturing and repairing power transformers, encompassing large capacity units vital for Pakistan’s power transmission and distribution systems. The seller, IMS Engineering, delivers engineering, procurement, construction (EPC), and commissioning services.