AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Disposal by Power Technologies Proprietary Limited of its Crabtree Electrical Accessories Business to Siemens AG
Disposal by Power Technologies Proprietary Limited of its Crabtree Electrical Accessories Business to Siemens AG
Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
DISPOSAL BY POWER TECHNOLOGIES PROPRIETARY LIMITED ("POWERTECH") OF ITS
CRABTREE ELECTRICAL ACCESSORIES BUSINESS TO SIEMENS AG
Shareholders are advised that Powertech, a wholly-owned subsidiary of Altron, has entered into an
agreement whereby it will dispose of Crabtree Electrical Accessories ("Crabtree") to Siemens AG.
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.
10 July 2017
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