http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 16.31Change: -0.01
R/$ = 14.22Change: 0.03
Au 1292.99 $/ozChange: 1.84
Pt 1079.50 $/ozChange: 3.50
 
 
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 Letters About Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 09, 2010

Imperial acquires majority stake in Goscor engineering group

Back
Construction|Expertise|Africa|Business|Cleaning|Cleaning Equipment|Compressors|Construction Equipment|Cutting|Engineering|Engines|Filtration|Finance|Forklift|Forklift Rental|Forklifts|Generators|Industrial|Industrial Equipment|Power|Pumps|Rental|Systems|Tourism|transport|Welding|Africa|Cleaning|Cleaning Equipment|Equipment|Forklift|Industrial Equipment|Logistics|Product|Products|Services|Solutions|Systems
Construction|Expertise|Africa|Business|Cleaning|Cleaning Equipment|Compressors|Construction Equipment|Cutting|Engineering|Engines|Filtration|Finance|Forklift|Forklift Rental|Forklifts|Generators|Industrial|Industrial Equipment|Power|Pumps|Rental|Systems|Tourism|transport|Welding|Africa|Cleaning|Cleaning Equipment|Equipment|Forklift|Industrial Equipment|Logistics|Products|Services|Solutions|Systems
construction|expertise|africa-company|business|cleaning-company|cleaning-equipment-company|compressors|construction-equipment|cutting|engineering|engines|filtration|finance|forklift|forklift-rental|forklifts|generators|industrial|industrial-equipment-company|power|pumps|rental|systems-company|tourism|transport|welding|africa|cleaning|cleaning-equipment|equipment|forklift-industry-term|industrial-equipment|logistics|product|products|services|solutions|systems



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

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
 
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
Environmental Affairs Minister Edna Molewa
Cabinet has extended the contract of Department of Environmental Affairs (DEA) director-general Nosipho Ngcaba and approved the appointment of Limpho Makotoko as the new DEA COO.     “Under the leadership of Ngcaba, the DEA has consistently received clean and...
Mzwandile Masina
The Department of Trade and Industry (DTI) has invited companies to participate in a trade and investment mission to Ghana and Nigeria from August 8 to 12.   Companies in the agriculture and agroprocessing sectors, built environment professionals, automotive and...
Cabinet has approved the Industrial Policy Action Plan (Ipap) 2016/17 to 2018/19, which seeks to achieve a higher-impact industrial policy in difficult economic circumstances, including the difficulties faced by the domestic steel industry and the drought which has...
More
 
 
Recent Research Reports
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
 
 
 
 
 
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
DOROS HADJIZENONOS The 700-series devices provide network security monitoring, app control, URL filtering, VPN security, antivirus, antispam, antibot, and advanced intrusion prevention and detection functionality
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $149 Close
Subscribe Now for $149