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
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.
28 July 2017
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