Elsewedy Electric acquires a 60% stake in UAE's Thomassen Service

Across the Arabian Gulf and the wider Middle East, power generation and industrial development continue to scale rapidly in line with national economic diversification and energy transition goals.

As regional demand for reliable energy infrastructure accelerates, maintaining these complex power generation systems has become paramount for continued growth. Responding directly to this escalating regional demand, Elsewedy Electric, a leading integrated provider of energy and infrastructure solutions operating across Europe, the Middle East, and Africa, has formally announced a strategic acquisition. The firm has successfully acquired a 60% majority stake in UAE-based Thomassen Service, a highly specialised provider known for its gas turbine maintenance and repair services. The announcement, formalised in Riyadh, Kingdom of Saudi Arabia in September 2026, signals a major shift in the regional energy supply chain by consolidating vital maintenance expertise closer to the point of need.

The official agreement was signed by Eng. Ahmed Elsewedy, CEO and Managing Director of Elsewedy Electric, and Eng. Peter Hertog, CEO of Thomassen Service. The formal signing ceremony took place in the presence of Mr. Sadek Elsewedy, Chairman, alongside senior leadership representatives from both organisations.

Historically, maintaining high-performance gas turbines in the region often required significant reliance on overseas facilities for complex maintenance. This acquisition is expected to significantly enhance the company’s ability to deliver high-quality, localised services directly across the region. Supported by Thomassen Service’s quarter-century of technical expertise, Elsewedy Electric expects to mitigate these historical logistical challenges.

Leadership perspectives on sector growth

The strategic alignment between the two firms underscores a mutual ambition for global expansion and technical excellence within the utilities sector.

Eng. Ahmed Elsewedy, CEO and Managing Director of Elsewedy Electric, commented: “This acquisition marks an important step in strengthening our technical capabilities and expanding the value we deliver to our customers across the Middle East, Africa, Europe and the Far East. By combining Thomassen Service’s specialized expertise with our integrated project capabilities, we are well positioned to meet the evolving needs of the energy sector.”

Eng. Peter Hertog, CEO of Thomassen Service, said: “Joining 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.”

Future outlook and industry impact

Looking ahead, Thomassen Service is set to benefit heavily from Elsewedy Electric’s financial strength, expansive regional footprint, and integrated engineering and construction ecosystems. This support aims to facilitate its expansion into high-growth markets and reinforce its position within the global energy services landscape.