Posts tagged as acquisition

Engineering group acquires luminaire company

  Electro-mechanical engineering group Actom has acquired Genlux Lighting, designers and manufacturers of outdoor and industrial luminaires. Genlux, which specialises in outdoor luminaires for floodlighting roadways, commercial properties and luminaires for industrial applications, will form part of Actom Electrical Products, the group’s distribution arm which operates a network of branches around South Africa and in […]

Telkom dismisses union allegation of mass staff reduction

  Telkom has dismissed as baseless union allegations that it was planning to reduce its number of employees by 9500 over the next six months. The South African Communications Union (SACU) claimed that the company intends slashing its workforce in half — firing 9500 of its 19 000 employees — within the next six months, with […]

Clash of the titans as power companies pursue dominance in energy sector: Alstom, GE, Siemens, ABB…

  Alstom, the French power and transport company involved in two large South African projects, is the subject of rival take over bids by industrial giants Siemens and GE, both of which have made massive offers for the firm’s power business. ABB is said to be watching developments closely. Alstom’s power division is heavily involved […]