Power Technologies (Pty) Ltd (Powertech), a wholly owned subsidiary of the JSE-listed Altron group, has acquired a majority shareholding in QuadPro, a business established to focus on offering turnkey substation solutions into the South African and African market. This is a recently formed business which has already won projects valued in excess of R100 million. The business will hence forward be known as Powertech QuadPro.Powertech has now merged its already existing turnkey substation business division within the former Powertech IST (now Powertech System Integrators) into Powertech QuadPro. This new combined operation will have the economies of scale and the resourcing needed to grow the turnkey substation business in South Africa and the rest of the African continent.Harry Browne, CEO of Powertech QuadPro believes there will be great benefit for both Powertech and QuadPro. He says, QuadPro having over 25 years experience in turnkey substation MV, HV & EHV projects and with Powertech’s support we hope to strengthen relationships with our South African and African customers, delivering quality projects within the clients budgets and delivery periods.Neil Kayton, CEO Powertech, says, Powertech has identified turnkey substation solution delivery into Africa as a strategic growth requirement. We found a partner to complement and enhance our own substation division with the acquisition of QuadPro, and we are confident that Powertech Quadpro will be a major contributor to growing Powertechs business in South Africa and within Africa.All parties involved believe that there is exceptional potential for growth and that this new partnership will provide the strength needed to achieve all of our objectives.
« Previous post | Next post »