Marsons, Cleanhill Partners Form JV for North America Transformer Manufacturing

Marsons Limited, an Indian EHV power transformer manufacturer, and Cleanhill Partners, a US-based private equity firm, have announced their intent to form a joint venture. This JV aims to accelerate transformer distribution, service, and manufacturing operations across the United States and Canada. The venture will leverage Marsons' engineering and manufacturing capabilities with Cleanhill's market network and capital to address a significant transformer supply gap in North America, where lead times currently exceed 24 months. The long-term vision includes establishing full-scale transformer manufacturing in North America to meet sustained demand from grid modernization, renewable energy expansion, and data center power requirements.