Elsewedy Electric has strengthened its position in the energy services sector through the acquisition of a 60% stake in Dutch turbine maintenance specialist Thomassen Service.
The deal covers Thomassen Service’s operations in the Middle East and Africa, its filter manufacturing division, and its Africa-based subsidiary. The agreement was signed by senior executives from both companies, including Elsewedy Electric CEO and Managing Director Ahmed Elsewedy and Thomassen Service CEO Peter Hertog.
The acquisition forms part of Elsewedy Electric’s wider expansion strategy as demand for dependable energy infrastructure and maintenance services continues to rise across the Gulf and other high-growth markets.
By integrating Thomassen Service’s expertise in gas turbine maintenance and repair, Elsewedy Electric aims to broaden its technical capabilities and strengthen its end-to-end offering across the energy value chain.
Ahmed Elsewedy said, “This acquisition represents an important step in enhancing our technical expertise and expanding the integrated solutions we provide to customers across the Middle East, Africa and Europe. Combining Thomassen Service’s specialist capabilities with our engineering and project delivery strengths will enable us to better support the evolving requirements of the energy sector.”
He added that the move also supports the company’s international growth plans by expanding its ability to provide services covering the full lifecycle of energy projects, from construction through to long-term operation and maintenance.
The transaction comes as countries across the region continue to invest heavily in power generation and industrial infrastructure aligned with long-term economic diversification programmes, including Saudi Arabia’s Vision 2030.
Elsewedy Electric is also developing two advanced gas turbine component repair facilities in the UAE, which are expected to improve local servicing capabilities and reduce dependence on overseas repair centres. The company said the investment would help shorten turnaround times while improving operational efficiency and equipment reliability for customers.
Peter Hertog described the partnership as a significant opportunity for Thomassen Service to expand into new markets and accelerate growth.
“Joining Elsewedy Electric creates strong opportunities to scale our operations and broaden our international reach,” he said. “We are pleased to partner with an organisation that shares our focus on innovation, quality and customer service.”
He added that Thomassen Service’s experience in turbine maintenance, combined with its agile technical teams and international expertise, would complement Elsewedy Electric’s expanding portfolio across the energy, oil and gas industries.
The acquisition is also expected to support further investment in technology, workforce development and infrastructure, enabling both companies to strengthen their presence in the global energy services market.
Elsewedy acquires turbine services firm Thomassen
