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GPI, Tellumat partner for electronics manufacturing JV

22nd August 2014

By: Creamer Media Reporter

  

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JSE-listed investment and empowerment group Grand Parade Investments (GPI) and electronics contract manufacturer Tellumat have teamed up to create 51:49 joint venture company Grand Tellumat Manufacturing.

The transaction would see the engineering skills and manufacturing capabilities of Tellumat merged with the investment know-how of GPI, the parties said in a statement this week.

Grand Tellumat Manufacturing aimed to become “the manufacturer of choice” for electronic and related technology products requiring minimum levels of local content to be eligible for procurement by government departments and local infrastructure projects.

“The South African government’s infrastructure build projects and localisation policies are a significant opportunity for Grand Tellumat Manufacturing.

“There is no need for South Africa to fully import or outsource the manufacture of high-tech electronic products to companies overseas,” said Tellumat CEO Andrew Connold.

Edited by Creamer Media Reporter

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