Thomassen Group

Based in United Arab Emirates, Thomassen Group, operates as a provider of supplies and equipment to power plant operations and sectors. Based in Dubai, United Arab Emirates and founded in 1998, Thomassen Group specializes in operations and maintenance services for gas turbines and power plants. The company has evolved to offer comprehensive after-sales support and technical solutions in the Oil & Gas and Power sectors. In September 2025, Elsewedy Electric, a portfolio company of Commercial International Bank (Egypt) S.

A. E, acquired a majority stake in Thomassen Group. Financial terms were not disclosed. Thomassen Group specializes in providing comprehensive operations and maintenance (O&M) services for gas turbines and power plants, focusing on after-sales support and technical solutions in the global Oil & Gas and Power sectors.

Their core offerings include gas turbine component repair, particularly on hot gas path components, fuel nozzles, valves, and actuators, utilizing state-of-the-art facilities in Dubai and Ras Al Khaimah. Thomassen's services extend to innovative technical advisory and field services solutions for both heavy-duty and aeroderivative gas turbines, addressing the efficiency and reliability needs of utility and captive power producers. Their extensive client base encompasses power plants across various global markets, including the Middle East, Africa, and Australia, as they deliver tailored solutions that reduce maintenance downtime and enhance operational efficiency. Thomassen Group engages in business transactions through a structured model primarily focused on B2B interactions with utility and power generation companies.

The company provides long-term service agreements, maintenance contracts, and project-based services, which may involve a combination of upfront payments and ongoing subscriptions for continuous support. Their revenue is generated from a diverse portfolio of services, including planned outages, troubleshooting, and rotor repairs, ensuring that clients receive comprehensive maintenance solutions. Notable contracts include the management of over 1,750MW of power under their operational oversight through agreements such as the O&M contract with Petroleum Development Oman. Each service is designed to improve the overall efficiency of power plants, contributing to Thomassen's position in the repair and field services sector.

In September 2025, Elsewedy Electric acquired a majority stake in Thomassen Group, enabling the company to accelerate its next phase of growth.