El Sewedy Electric Company (CASE:SWDY) acquired 95% stake in PT CG Power Systems Indonesia from CG Power Systems Belgium NV on May 6, 2021. In a related transaction El Sewedy Electric also acquired Validus Engineering PVT LTD. The total purchase price for both transaction is $60 million. David Dawborn of Hiswara Bunjamin & Tandjung acted as legal advisor to the El Sewedy Electric Company (CASE:SWDY). El Sewedy Electric Company (CASE:SWDY) completed the acquisition of 95% stake in PT CG Power Systems Indonesia from CG Power Systems Belgium NV on May 6, 2021.