Altron disposes of Crabtree to Siemens AG
JSE listed Allied Electronics Corporation Limited (Altron) this week announced that its wholly owned subsidiary, Power Technologies Proprietary Limited (Powertech), has entered into an agreement whereby it will dispose of Crabtree Electrical Accessories (Crabtree) to Siemens AG.
Crabtree produces and distributes low-voltage components for the South African construction market, including light switches, power outlets, cable routing systems, and adapters. The disposal of Crabtree is part of the implementation of Altron’s business strategy to focus on its information technology and telecommunications business and exit its manufacturing operations. The transaction is subject to the grant of approvals by the relevant competition authorities. Contact: Crabtree
You might also like...
-
Beyond being the biggest and best showcase of contemporary art from Africa and the world on the continent, this year Investec Cape Town Art Fair ...
-
From Homemakers Fair to SARCDA Trade Exhibitions and Light + Building 2024, the decor and design sector is brimming with events that will bring together ...
-
Okha introduces the Convergance of Creativity exhibition which shines a light on local talent during The Cape Town Furniture Week OKHA is proud to announce ...