SGB-SMIT Group has signed an agreement to acquire Southwest Electric Co., enhancing its service capabilities and expanding its product portfolio in the U.S. electrical components market.

Information on the Target

SGB-SMIT Group has announced its agreement to acquire Southwest Electric Co., an established provider of electrical components and services. Founded in 1946 and headquartered in Oklahoma City, Southwest Electric is known for its specialization in electrical components, transformers, and services tailored for the oil and gas, utilities, wind power, and data center industries. The company also operates additional facilities in Tulsa, Oklahoma; Nashville, Tennessee; and Louisville, Ohio, extending its reach across key U.S. markets.

This acquisition represents a notable opportunity for SGB-SMIT, as Southwest Electric’s expertise will significantly enhance SGB-SMIT’s service capabilities while complementing its existing product portfolio, particularly in specialized transformer and switchgear manufacturing.

Industry Overview in the Target's Specific Country

The electrical components industry in the United States is robust and diverse, driven by an increasing demand for efficient energy solutions across various sectors. With the ongoing transition towards