Powertech corporate news
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ALTRON LAUNCHES ITS TRANSFORMATION VISION 2012
Thursday, August 21, 2008
A new vision for transformation adopted by the management of Altron was unveiled to Altron stakeholders and customers at a launch function in Johannesburg today. ...read more
POWERTECH TRANSFORMERS SECURES ESKOM CONTRACT WORTH R1.4 BILLION
Thursday, May 29, 2008
Powertech Transformers, a wholly owned subsidiary of Powertech since 26 March 2008, has signed an enabling contract with Eskom for the supply of transformers across a range of sizes up to 400kV. The indicative value of the contract stands at R 1.366 billion and significantly enhances the alliance partnership with Eskom. ...read more
COMPETITION TRIBUNAL APPROVES ABB POWERTECH TRANSFORMERS RESTRUCTURING
Monday, March 31, 2008
In October 2007, Powertech, a wholly-owned subsidiary of the JSE listed Altron Group, announced their intention to buy the 50% shareholding that it did not own in its joint venture company ABB Powertech Transformers, from ABB South Africa for a consideration of R 320 million. The Competition Tribunal gave their unconditional approval of the transaction as of 26 March 2008, thereby satisfying the only remaining condition precedent.
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YELLAND CONTROL TO CHANGE OWNERSHIP
Monday, March 31, 2008
Power Technologies (Pty) Ltd (Powertech), a subsidiary of the JSE-listed Altron Group, and Omron Europe B.V. jointly announced the finalisation of the acquisition by Omron Electronics (Pty) Ltd of Yelland Control from Powertech, effective 1 April 2008. Yelland Control will be integrated and will operate under the name of Omron Electronics (Pty) Ltd, a wholly-owned subsidiary of Omron Europe B.V., which was formed on 1 May 2007. It will be responsible for the sales and servicing of Omron control equipment in Southern Africa....read more
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