http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.02Change: -0.02
R/$ = 10.63Change: -0.02
Au 1290.71 $/ozChange: 0.79
Pt 1426.50 $/ozChange: 2.00
 
 
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  
 
 
May 11, 2007

Car tracking group reveals plans to move into Asia and South America

Back
Engineering|Africa|Altech|Altech Netstar Fleet Management Services|Flow|Netstar Fleet Management Services|Africa|Brazil|Malaysia|South Africa|Continuous Product|Flow|Intellectual Property|Product|FMS|Craig Venter|Enos Banda|Ing Technology
Engineering|Africa|Flow||Africa||Flow||||
engineering|africa-company|altech|altech-netstar-fleet-management-services|flow-company|netstar-fleet-management-services|africa|brazil|malaysia|south-africa|continuous-product|flow-industry-term|intellectual-property-industry-term|product|fms|craig-venter|enos-banda|ing-technology
© Reuse this



High-technology group Altech has announced its intentions to push the proven technol- ogy of Netstar stolen-vehicle recovery (SVR) operations into the global arena.

The company has franchise arrangements operating in Malaysia, whereby it receives a royalty flow from the franchise operators. Altech is now seeking to enter into a 50:50 arrangement in Malaysia, which will result in a joint controlling interest in the company.

“A binding heads of agreement has been signed by all parties concerned, and certain conditions precedent to the transaction remain to be fulfilled, including a valuation being performed by one of the big four auditing firms,” says Altech CEO Craig Venter.

Described as being an exceptionally profitable entity, the equity from operations in Malaysia would be a beneficial addition to Altech.

Venter also hints at opportunities for Netstar to expand into South American countries, such as Brazil.

Altech owns the intellectual property for the technology involved in SVR and is the market leader in South Africa, with year-on-year market growth of 16%. The value of vehicles protected exceeds R49-billion.

Altech Netstar is constantly investing large amounts of capital into research and development, hoping to lower the cost of SVR hardware. Continuous product re-engineering in line with develop- ing technology and customer trends is taking place. Venter explains that the SVR market is an extremely price-sensitive one, and a small price adjustment makes a huge difference.

“Altech has segregated Altech Netstar’s fleet management business, forming a separate company called Altech Netstar Fleet Management Services (ANFMS). In addition to this, a black economic-empowerment transaction was concluded with Nariku – a company led by Dr Enos Banda. All conditions precedent to the transaction were fulfilled by March 31, and the company now holds 25% plus one share in ANFMS,” comments Venter.

With its new entry on the fleet-management side (FMS) of opera-tions, Netstar has increased its market share from virtually 0% to 8% over the financial year. Venter explains that Netstar would like to further capitalise on the FMS of operations and is looking to secure arge contracts in this area of business.

Fleet management allows for vehicles to be constantly tracked and monitored and can report on harsh braking or accelerating, excessive idling or whether vehicles enter no-go areas.

Altech Netstar accounts for about 8% of Altech’s total revenue. Altech Autopage (60%), Altech UEC (13%), Altech NamITech (6%), Altech Arrow Altech Distribution (5%), Altech Alcom Matomo (3%), Altech Alcom Radio (2%), Altech Card Solutions (2%), and Altech Isis (1%) are further operations contributing to overall revenue generated by the company.

Altech reported that revenue increased by 12% to R6,8-billion, for the year ended February 28. “Overall, things are looking very healthy, and the company aims to capitalise on group strengths and strong local market positions,” concludes Venter.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other ICT News
Updated 3 hours ago The ability to use a smart sensor concentrator to create a centralised, smart sensor network in factories, plants, mines and remote sites means that older legacy industrial control systems can be integrated and leveraged as a low-cost step towards fully smart...
The Independent Communications Authority of South Africa (Icasa) has outlined the conditions for the assignment of capacity on the digital television channels on Multiplex 3 and any excess capacity on Multiplex 1. The latest regulations overseeing the long-awaited...
Telecommunications group Telkom on Tuesday appointed Sasol VP for group corporate branding and communication Jacqui O’Sullivan as managing executive for group communication and public relations. Starting on September 15, O’Sullivan would be “instrumental” in...
More
 
 
Latest News
Deputy President Cyril Ramaphosa
South Africa’s economic transformation and inclusive growth will not result from a single intervention but rather a range of mutually supporting initiatives, Deputy President Cyril Ramaphosa said on Thursday, adding that in many cases this did not require new...
Financial services group Nedbank – the largest occupier of green buildings in the country – has officially opened another Green Building Council of South Africa (BGCSA) 4-Star Green Star-rated building, this time, in Roodepoort. Nedbank Lakeview, which served as...
The Independent Communications Authority of South Africa (Icasa) has outlined the conditions for the assignment of capacity on the digital television channels on Multiplex 3 and any excess capacity on Multiplex 1. The latest regulations overseeing the long-awaited...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
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.
 
 
 
 
 
This Week's Magazine
Updated 3 hours ago South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
Updated 3 hours ago There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
Updated 3 hours ago The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
Updated 3 hours ago UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Updated 3 hours ago Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...
 
 
 
 
 
 
 
 
 
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