In preparation for the merger, Electrotyazhmash changed its form of ownership to a joint-stock company on August 27.
The plant was transformed into a joint-stock company by terminating the state enterprise. retaining its legal entity and USREOU code, all licenses and certificates.
Receivables and payables were transferred to the legal successor of the enterprise - Electrotyazhmash plant JSC. The shareholders' meeting of JSC Turboatom also included the issues of approval of the market value of the shares of JSC Turboatom and the change of its name to JSC Ukrainian Energy Machines (JSC Ukrenergomash).
Electrotyazhmash specializes in the production of powerful hydrogenerators, turbogenerators for thermal power plants and nuclear power plants, electric motors for drives of rolling mills, mine hoists, electric traction equipment for railway and urban transport.
Turboatom is the only Ukrainian manufacturer of turbine equipment for hydro, thermal and nuclear power plants.