{"id":12478,"date":"2024-10-26T19:08:34","date_gmt":"2024-10-26T19:08:34","guid":{"rendered":"https:\/\/aatworld.com\/?p=12478"},"modified":"2024-10-26T19:08:34","modified_gmt":"2024-10-26T19:08:34","slug":"teco-announces-acquisition-of-shenchang-electric","status":"publish","type":"post","link":"https:\/\/aatworld.com\/ar\/teco-announces-acquisition-of-shenchang-electric\/","title":{"rendered":"Teco Announces Acquisition of Shenchang Electric"},"content":{"rendered":"<p><strong>Teco Electric &amp; Machinery Co, a major supplier of electric motors in Taiwan, has unveiled plans to acquire a 57.2% stake in local transformer maker Shenchang Electric Co for up to NT$550 million (US$17.21 million).<\/strong><\/p>\n\n\n\n<p><strong>The deal includes a strategic alliance with Shenchang\u2019s Indonesian affiliate, PT Sintra Sinarindo Elektrik, and is expected to boost Teco&#8217;s revenue by next quarter.<\/strong><\/p>\n\n\n\n<p><strong>The acquisition supports Teco\u2019s expansion into the global transformer market, particularly in North America and Indonesia, while enhancing its electrification product portfolio.<\/strong><\/p>\n\n\n\n<p><strong>Shenchang, established in 1971, specializes in distribution transformers and has long served notable clients, including Taiwan Power Co and Siemens AG.<\/strong><\/p>\n\n\n\n<p><strong>The companies aim to broaden their transformer offerings, targeting the growing demand for green energy solutions and infrastructure upgrades in Taiwan and North America.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Teco Electric &amp; Machinery Co, a major supplier of electric motors in Taiwan, has unveiled plans to acquire a 57.2% stake in local transformer maker Shenchang Electric Co for up&hellip;<\/p>","protected":false},"author":1,"featured_media":12494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[24,1],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/posts\/12478"}],"collection":[{"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/comments?post=12478"}],"version-history":[{"count":1,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/posts\/12478\/revisions"}],"predecessor-version":[{"id":12503,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/posts\/12478\/revisions\/12503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/media\/12494"}],"wp:attachment":[{"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/media?parent=12478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/categories?post=12478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aatworld.com\/ar\/wp-json\/wp\/v2\/tags?post=12478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}