Reunert and Altron merge telecoms cable businesses
Wednesday, 31 January 2007
The telecommunications cable manufacturing businesses and assets of Reunert and Altron will merge on 1 February 2007 following the approval of the proposed merger by the Competition Tribunal.
The merged entity, to be known as CBi-electric Aberdare ATC Telecom Cables (“new company”), will be located at and operate from the existing Reunert facility in Brits, North West Province.
This new company will have state-of-the-art assets, utilising the best equipment of the merged entities, and will be capable of producing the entire spectrum of copper and optical fibre telecommunications cables. The assets located at the Aberdare facility in Port Elizabeth will be moved to Brits over time. With the available capacity, the new company will be able to serve the local fixed line telecom operators as well as pursuing opportunities outside South Africa, specifically in Africa.
The current managing director of CBi-electric: Telecom Cables, Koos Vorster, will head up the new operation. The operation will be jointly controlled by Reunert and Altron, through their respective subsidiaries and their empowerment partners.
For more information contact:
Carina de Klerk
011 517 9000
083 631 5743
011 645 3600
31 January 2007