Latest news with #AhmedElsewedy
Identity
15-05-2025
- Business
- Identity
Elsewedy University of Technology 'SUTech' Announces Winner of TechTank 2025 Competition After Strong Showdown Among Seven Teams
Cairo, May 2025 – Today, Elsewedy University of Technology (SUTech) – Polytechnic of Egypt hosted the final round of TechTank competition, where 7 teams presented their innovative projects to a panel of top industry experts. At the end of the event, the winning team was announced. The judging panel included prominent figures such as Eng. Ahmed Elsewedy, Chairman of the Board of Trustees at SUTech, Ms. Dina Ghabbour, Executive Director of the Ghabbour Foundation for Development, and Eng. Abdallah Sallam, Chairman and CEO of Madinet Masr. Commenting on the event, Eng. Ahmed ElSewedy, Chairman of the Board of Trustees of Elsewedy University of Technology (SU Tech)—Polytechnic of Egypt stated, 'Since the founding of SUTech, our goal has been to prepare students for the job market through hands-on, project-based learning. TechTank was created to discover and support talented students by helping them turn their ideas into real prototypes. Today, we're excited to award the Team Regen Power Project from Green City International School the prize of EGP 150,000 for their outstanding project in the field of Energy.'
Zawya
06-05-2025
- Business
- Zawya
Elsewedy Electric acquires majority stake in Thomassen Service to expand gas turbine operations
Egypt - Elsewedy Electric, a leading integrated energy and infrastructure solutions provider across Europe, the Middle East, and Africa, has acquired a 60% stake in Thomassen Service, including its Middle East and Africa business unit (TSME), filter manufacturing division, and its African affiliate. With over 30 years of experience in gas turbine operation, maintenance, and component repair, Thomassen Service brings highly specialized capabilities that align with Elsewedy Electric's strategy to deliver end-to-end, high-performance energy solutions. Renowned for its Dutch engineering roots, Thomassen Service has earned a strong reputation for precision, reliability, and innovation in the energy sector. Its expertise in maintaining and optimizing gas turbine performance has served a wide client base across the Middle East and Africa, making it a strategic addition to Elsewedy Electric's growing energy services portfolio. 'This acquisition is a key milestone in Elsewedy Electric's global expansion strategy,' the company stated. 'It strengthens our engineering and construction (E&C) offerings by integrating specialized gas turbine operations, maintenance, and field services.' Through the acquisition, Elsewedy Electric gains access to TSME's established operations in the UAE, Oman, and Nigeria—accelerating entry into high-growth markets, enhancing its presence in Europe, and broadening its footprint in Africa's rapidly evolving energy landscape. The deal also marks Elsewedy Electric's strategic entry into the oil and gas services sector, where Thomassen Service's expertise in component repair and field maintenance will enable the company to offer tailored solutions to industrial clients, petrochemical facilities, and energy-intensive manufacturers. As part of the Elsewedy Electric Group, Thomassen Service will benefit from increased financial backing, global EPC integration, and expanded market access—enabling it to scale its services across the power and oil & gas industries. Ahmed Elsewedy, CEO of Elsewedy Electric, commented: 'By integrating TSME's deep technical expertise and regional service experience with our E&C capabilities, we are now positioned to deliver even greater value to clients across Africa, the GCC, and Europe.' Peter Hertog, CEO of Thomassen Service, added: 'Joining Elsewedy Electric allows us to scale our capabilities and reach new markets. We're proud to become part of a group that shares our commitment to excellence, innovation, and customer service.'
Daily News Egypt
06-05-2025
- Business
- Daily News Egypt
Elsewedy Electric acquires majority stake in Thomassen Service to expand gas turbine operations
Elsewedy Electric, a leading integrated energy and infrastructure solutions provider across Europe, the Middle East, and Africa, has acquired a 60% stake in Thomassen Service, including its Middle East and Africa business unit (TSME), filter manufacturing division, and its African affiliate. With over 30 years of experience in gas turbine operation, maintenance, and component repair, Thomassen Service brings highly specialized capabilities that align with Elsewedy Electric's strategy to deliver end-to-end, high-performance energy solutions. Renowned for its Dutch engineering roots, Thomassen Service has earned a strong reputation for precision, reliability, and innovation in the energy sector. Its expertise in maintaining and optimizing gas turbine performance has served a wide client base across the Middle East and Africa, making it a strategic addition to Elsewedy Electric's growing energy services portfolio. 'This acquisition is a key milestone in Elsewedy Electric's global expansion strategy,' the company stated. 'It strengthens our engineering and construction (E&C) offerings by integrating specialized gas turbine operations, maintenance, and field services.' Through the acquisition, Elsewedy Electric gains access to TSME's established operations in the UAE, Oman, and Nigeria—accelerating entry into high-growth markets, enhancing its presence in Europe, and broadening its footprint in Africa's rapidly evolving energy landscape. The deal also marks Elsewedy Electric's strategic entry into the oil and gas services sector, where Thomassen Service's expertise in component repair and field maintenance will enable the company to offer tailored solutions to industrial clients, petrochemical facilities, and energy-intensive manufacturers. As part of the Elsewedy Electric Group, Thomassen Service will benefit from increased financial backing, global EPC integration, and expanded market access—enabling it to scale its services across the power and oil & gas industries. Ahmed Elsewedy, CEO of Elsewedy Electric, commented: 'By integrating TSME's deep technical expertise and regional service experience with our E&C capabilities, we are now positioned to deliver even greater value to clients across Africa, the GCC, and Europe.' Peter Hertog, CEO of Thomassen Service, added: 'Joining Elsewedy Electric allows us to scale our capabilities and reach new markets. We're proud to become part of a group that shares our commitment to excellence, innovation, and customer service.'
Zawya
27-02-2025
- Business
- Zawya
Elsewedy Electric expands into Europe with landmark power project in Hungary
Egypt - Elsewedy Electric Group has secured a major engineering, procurement, and construction (EPC) contract for Hungary's largest combined cycle power plant (CCPP) in decades. Awarded by MVM Matra Energia Zrt., a subsidiary of the Hungarian Electric Company (MVM), this milestone project marks Elsewedy Electric's first significant venture in Europe, reinforcing its global expansion strategy. Located in Visonta, the plant will be developed in partnership with Status KPRIA Zrt. and West Hungária Bau Kft. (WHB) to modernize Hungary's energy infrastructure. Scheduled for completion by 2028, it will be the country's first hydrogen-ready facility, capable of integrating up to 30% hydrogen into its fuel mix, supporting Hungary's transition to cleaner energy sources. The contract was signed in the presence of high-ranking officials, including Hungary's Energy Minister, Egypt's Ambassador to Hungary, and Elsewedy Electric President and CEO Ahmed Elsewedy. Ahmed Elsewedy emphasized that the project aligns with the company's mission to provide long-term energy solutions worldwide. Wael Hamdy, Elsewedy Electric's Group SVP & E&C CEO, highlighted the company's expertise in large-scale infrastructure and sustainability-focused initiatives. Lőrinc Mészáros, owner of Mészáros Group, underscored the project's role in strengthening Hungary's energy security through high-efficiency technologies and green hydrogen integration. Abdelaziz El Gamal, GM for CIS & Balkans at Elsewedy Electric, noted that this achievement reflects the company's ability to expand into new markets while delivering reliable, high-quality energy infrastructure. By partnering with MVM and local firms, Elsewedy Electric not only strengthens its European footprint but also reinforces its commitment to sustainable energy solutions. The Visonta CCPP is expected to enhance Hungary's electricity capacity while paving the way for future expansion across the continent.
Daily News Egypt
27-02-2025
- Business
- Daily News Egypt
Elsewedy Electric expands into Europe with landmark power project in Hungary
Elsewedy Electric Group has secured a major engineering, procurement, and construction (EPC) contract for Hungary's largest combined cycle power plant (CCPP) in decades. Awarded by MVM Matra Energia Zrt., a subsidiary of the Hungarian Electric Company (MVM), this milestone project marks Elsewedy Electric's first significant venture in Europe, reinforcing its global expansion strategy. Located in Visonta, the plant will be developed in partnership with Status KPRIA Zrt. and West Hungária Bau Kft. (WHB) to modernize Hungary's energy infrastructure. Scheduled for completion by 2028, it will be the country's first hydrogen-ready facility, capable of integrating up to 30% hydrogen into its fuel mix, supporting Hungary's transition to cleaner energy sources. The contract was signed in the presence of high-ranking officials, including Hungary's Energy Minister, Egypt's Ambassador to Hungary, and Elsewedy Electric President and CEO Ahmed Elsewedy. Ahmed Elsewedy emphasized that the project aligns with the company's mission to provide long-term energy solutions worldwide. Wael Hamdy, Elsewedy Electric's Group SVP & E&C CEO, highlighted the company's expertise in large-scale infrastructure and sustainability-focused initiatives. Lőrinc Mészáros, owner of Mészáros Group, underscored the project's role in strengthening Hungary's energy security through high-efficiency technologies and green hydrogen integration. Abdelaziz El Gamal, GM for CIS & Balkans at Elsewedy Electric, noted that this achievement reflects the company's ability to expand into new markets while delivering reliable, high-quality energy infrastructure. By partnering with MVM and local firms, Elsewedy Electric not only strengthens its European footprint but also reinforces its commitment to sustainable energy solutions. The Visonta CCPP is expected to enhance Hungary's electricity capacity while paving the way for future expansion across the continent.
