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Saudi engineering group Bawan scraps plan to merge units RIYADH, February 7, 2021 Saudi-based Bawan Company, a leading provider of engineering and consulting services, has announced that it has cancelled plans to merge two of its subsidiaries - United Transformers Electric Company and United Technology of Electric Substations and Switchgears Company - following a revaluation which found the move unfeasible.   A  key player in the region, Bawan is involved in the trading and manufacture of building materials, industrial investment, financial management and administration, and other industrial services.   The Saudi group had announced the merger of United Transformers Electric Company and United Technology of Electric Substations and Switchgears in June 2019. The company has a 85.5% stake in each of these firms.

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