Altron Share Price:
price is temporarily unavailable
AEL
1070
0 (0.00%)
Home » AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Competition Commission Approves Disposal Of Powertech Systems Integrators to EOH Industrial Technologies

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Competition Commission Approves Disposal Of Powertech Systems Integrators to EOH Industrial Technologies

Printer-friendly version
Release Date: 
28 July 2017

AEL: ALLIED ELECTRONICS CORPORATION LIMITED - Competition Commission Approves Disposal Of Powertech Systems Integrators to EOH Industrial Technologies
Competition Commission Approves Disposal Of Powertech Systems Integrators to EOH Industrial Technologies

Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
("Altron")

COMPETITION COMMISSION APPROVES DISPOSAL OF POWERTECH SYSTEMS
INTEGRATORS ("PTSI") TO EOH INDUSTRIAL TECHNOLOGIES ("EOH")

Shareholders are advised that the Competition Commission has approved the disposal of PTSI, to
EOH. PTSI forms part of Altron´s Power Technologies Group ("Powertech"). The disposal of PTSI
is part of the implementation of Altron´s business strategy to focus on its information technology
and telecommunications business and exit its non-core operations.

PTSI is a system engineering business which operates predominantly in the power and energy
sectors with customers that include power utilities and large power users in South Africa and Sub-
Saharan Africa. Its engineering solutions include secondary plant for substation automation,
network planning and control software, mobile workforce and asset management systems, and
systems for advanced and smart metering infrastructure.

Johannesburg
28 July 2017

Sponsor
Investec Bank

Date: 28/07/2017 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.