Image credit: Koncar

Croatian Koncar D&ST has increased its stake in Ferokotao to 82.5%, up from 51%, further strengthening its position in the transformer supply chain.

The company said it signed agreements in February and April to acquire an additional 31.5% stake in the local manufacturer of metal components for industrial transformers, according to a stock exchange filing.

FEROKOTAO d.o.o. is one of the most important producers of metal components for the transformer industry in Europe, supplying critical parts for a wide range of power transformers.

Koncar D&ST is the flagship subsidiary of Koncar, one of Croatia’s leading electrical equipment manufacturers. The move signals continued consolidation within the sector as demand for power transformers rises alongside Europe’s energy transition.

By increasing its ownership in Ferokotao, the company is expected to enhance control over key components used in transformer production, supporting its manufacturing capabilities and supply chain integration.

The development follows the company’s recent move to launch its own production of transformer boilers (tanks) in cooperation with Siemens, further expanding its industrial footprint. (Read more here.)

Following the announcement, shares of Koncar D&ST recorded gains on the Zagreb Stock Exchange. The company’s ordinary shares rose 3.31% to 3,740 euro ($4,312), while preferred shares increased 1.15% to 3,520 euro ($4,057).

Source: seenews.com