http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.22Change: -0.01
R/$ = 10.61Change: -0.04
Au 1298.50 $/ozChange: 0.94
Pt 1480.50 $/ozChange: 1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 09, 2010

Imperial acquires majority stake in Goscor engineering group

Back
Construction|Engineering|Expertise|Africa|Associated Motor Holdings|Cleaning|Cleaning Equipment|Compressors|Construction Equipment|Engines|Filtration|Forklift|Forklift Rental|Forklifts|Generators|Goscor Group|Imperial Group|Imperial Holdings|Industrial|Industrial Equipment|Pumps|Rental|Systems|Welding|Africa|Europe|Australia|South Africa|Cleaning|Cleaning Equipment|Construction Equipment|Equipment|Forklift|Industrial Equipment|Logistics|Product|Products|Systems|Transport|Africa|Manny De Canha|Neil Wilson|Osman Arbee|Power|Crown|Class Technologies
Construction|Engineering|Expertise|Africa|Cleaning|Cleaning Equipment|Compressors|Construction Equipment|Engines|Filtration|Forklift|Forklift Rental|Forklifts|Generators|Industrial|Industrial Equipment|Pumps|Rental|Systems|Welding|Africa|||Cleaning|Cleaning Equipment|Construction Equipment|Equipment|Forklift|Industrial Equipment|Logistics|Products|Systems|Transport||Power||
construction|engineering|expertise|africa-company|associated-motor-holdings|cleaning-company|cleaning-equipment-company|compressors|construction-equipment-company|engines|filtration|forklift|forklift-rental|forklifts|generators|goscor-group|imperial-group|imperial-holdings|industrial|industrial-equipment-company|pumps|rental|systems-company|welding|africa|europe|australia-country|south-africa|cleaning|cleaning-equipment|construction-equipment|equipment|forklift-industry-term|industrial-equipment|logistics|product|products|systems|transport-industry-term|africa-music-album|manny-de-canha|neil-wilson|osman-arbee|power|crown|class-technologies
© Reuse this



The JSE-listed Imperial Holdings group, through its subsidiary Associated Motor Holdings (AMH), on Wednesday announced that it had acquired a majority holding in the Goscor Group of companies, a diversified industrial and engineering group.

Founded in South Africa, the Goscor Group hs supplied the local market with industrial equipment, such as forklifts and generators, for the past 26 years. It consisted of six divisions, and employed 250 people.

“Goscor’s strong presence in the industrial equipment market is a perfect strategic fit with Imperial’s core competencies and extensive experience in the fields of transport, distribution and servicing,” said AMH CEO Manny de Canha.

“The Goscor Group’s existing customer base and access to world class technologies and products offers growth potential for Imperial. We aim to add our expertise to the Goscor product offering and, together, leverage the opportunities that this acquisition offers.”

Goscor CEO Neil Wilson noted that being part of the Imperial group provided the company with “a new platform, allowing us to take advantage of Imperial’s substantial Southern African footprint. Its financial muscle and solid reputation in the market will help us to further develop our business.”

Imperial executives Manny de Canha and Osman Arbee would serve on the Goscor board.

Imperial was a diversified industrial services and retail group with activities spanning logistics, car rental, tourism, financial services, vehicle distribution and retail. Imperial operated in South Africa, Africa, Europe and Australia.

Imperial employed 34 500 people.

The Goscor Group of companies consisted of the Goscor Lift truck company; sole distributors of Crown, Doosan and Bendi forklifts; ARC, a welding and cutting systems equipment supplier; Goscor Rental company, a flexible short-term forklift rental company; Goscor Power products, a distributor of engines, generators, lawn mowers and construction equipment; Goscor Cleaning equipment, a distributor of various cleaning equipment from leading brands; Goscor Compressed air systems, a distributor of Sullair portable and stationary compressors, air tools, vacuum pumps, dryers and filtration units; and Goscor Finance, which provided finance solutions for clients to obtain Goscor equipment.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Materials-Handling News
PALLET-FREE BAG The Tellap bag makes storage and transportation of goods easy
The need for a safe, reliable and cost-efficient packaging and transportation system is a pertinent issue, particularly for specialist manufacturing sectors such as the chemical and petrochemical industries. “What is critical in the handling of chemicals, such as...
The 55 274 kg Days of the Dinosaur exhibition has arrived in South Africa in 11 shipping containers over a four-week, 15 000 km journey from Vigo, Spain.
In 2012, the absolute cost of logistics in South Africa was R393-billion. Logistics costs for 2013 were estimated at R423-billion, with this number forecast to grow to between R456-billion and R470- billion in 2014, depending on fuel inflation.
More
 
 
Latest News
Updated 3 minutes ago Thailand Automotive Parts Manufacturers Association (Tapma) president Achana Limpaitoon has expressed interest in partnering and forming joint ventures (JVs) with the organisation’s South African counterparts to grow the automotive manufacturing industries of both...
Updated 1 hour 10 minutes ago Trade and Industry Minister Dr Rob Davies has issued, for public comment, the application for the designation of an industrial development zone (IDZ) at Tshiame, in Harrismith, in the Free State, as well as the granting of an operator’s permit for an IDZ. The...
Updated 1 hour 53 minutes ago Tullow Oil drifted into the red after writing off more than $400-million in exploration costs but the Africa-focused explorer remained confident that its strategy will pay off. A disappointing run of oil wells exploration in Mauritania, Ethiopia and Norway over the...
More
 
 
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
 
 
 
 
 
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
GARYN RAPSON Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will open the door for court battles to determine who will be held liable for the remediation
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks