Zest WEG aspires to expand through more acquisitions in Africa
The South African electrical equipment supplier and manufacturer Zest WEG, part of Brazilian WEG Group, is looking for more acquisitions in Africa, having recently completed a transaction to buy TSS Transformers, which increases the range and scale of transformers on offer from the company.
The South African electrical equipment supplier and manufacturer Zest WEG, part of Brazilian WEG Group, is looking for more acquisitions in Africa, having recently completed a transaction to buy TSS Transformers, which increases the range and scale of transformers on offer from the company.
Zest WEG CEO Louis Meiring said that organic growth alone will be insufficient to meet the group’s expansion aspirations for Africa, which are geared towards ensuring a greater balance between locally manufactured products and imports, as well as improving the group’s capacity to tackle opportunities emerging in the rest of Africa, reports Mining Weekly.
Besides the TSS Transformers deal, Zest WEG has completed several other acquisitions in recent years, including that of Hawker Siddeley, now known as WEG Transformers Africa.
“We have an Africa division and we are putting a huge emphasis on upping our activity in the rest of Africa,” Meiring says, adding that African orders currently comprise about 40% of its backlog by value, having been a far smaller proportion in previous years.
Source: Mining Weekly
Image: WEG
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