http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.06Change: -0.14
R/$ = 11.66Change: -0.12
Au 1213.36 $/ozChange: -4.14
Pt 1189.50 $/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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 19, 2012

SA’s localisation push drives new Schneider, Actom medium-voltage deal

Back
Boksburg|Actis|Actom|Africa|Alstom Electrical Industries|Areva|General Electric|Kagiso Tiso Holdings|Old Mutual|Schneider Electric|Africa|France|South Africa|United Kingdom|Customers World-class Products|Electrical Equipment Manufacturer|Electromechanical Manufacturer|Energy|Energy-management Solutions|Equipment|Product|Products|Protection Equipment|Service|Solutions|Technology|Technology Platforms|Carl Kleynhans|Frederic Abbal|Mark Wilson
|Africa|General Electric||Africa||Energy|Equipment|Products|Service|Solutions||
boksburg|actis|actom|africa-company|alstom-electrical-industries|areva|general-electric|kagiso-tiso-holdings|old-mutual|schneider-electric|africa|france|south-africa|united-kingdom|customers-worldclass-products|electrical-equipment-manufacturer|electromechanical-manufacturer|energy|energy-management-solutions-industry-term|equipment|product|products|protection-equipment|service|solutions|technology|technology-platforms|carl-kleynhans|frederic-abbal|mark-wilson
© Reuse this



South African electrical equipment manufacturer Actom has concluded a partnership agreement with global energy-management solutions group Schneider Electric, enabling the Boksburg-based entity to continue to produce, market and service Schneider’s medium-voltage distribution, automation and protection equipment locally.

Actom, which is the largest independent electromechanical manufacturer and repairer in South Africa, with yearly sales of nearly R8-billion, also secured the right to distribute and service the products in a number of other countries across the Southern African region.

The deal, which was signed formally on Wednesday, replaced a legacy arrangement between Actom and Areva, which was concluded prior to Areva’s 2010 disposal of its global transmission and distribution business – Schneider purchased the distribution unit and Alstom Grid the transmission business.

The new arrangement sustained a key product offering for Actom, while supporting Schneider’s localisation and market customisation ambitions in the medium-voltage milieu.

Schneider Electric’s medium-voltage executive VP Frederic Abbal, who flew in from France to initial the documents, said that the tie-up enabled the group to adapt its leading technology platforms and architecture to domestic market conditions and needs.

Actom CEO Mark Wilson said it also gelled with its strategy of satisfying a growing demand – particularly from its utility and municipal customers – for local value addition and job creation. But it also ensured that Actom was supplying its customers world-class products from a leading technology provider.

The South African entity had similar arrangements in place with various Alstom units, Fläkt Woods, Parker and General Electric. Wilson said the partnerships had laid the basis for investments of R2.9-billion since 2009, when the company also changed its corporate identity from Alstom Electrical Industries to Actom following an ownership overhaul.

UK private equity company Actis remained Actom’s single-largest shareholder with 35%, followed by Old Mutual (20%), Kagiso Tiso Holdings (19%), management (17%) and black individuals and management (9%). Wilson said that it was in the processes of debating the future role of the financial investors in the company, while it also pursuing an aggressive strategy to expand into the rest of Africa.

Schneider Electric country manager Carl Kleynhans said discussions on a deal to succeed the Actom-Areva arrangement, which expired in July, had been under way since 2010.

He said the fact that Schneider had an in-country presence made it necessary to make adjustments, but he was convinced that the new arrangement would benefit both companies and its South African customers.


 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Electricity News
Eskom power stations
While State-owned power utility Eskom was unable to cut off electricity supply to some of its neighbouring trade partners, it was able to reduce energy exports by 10% when load shedding was implemented locally. The Department of Public Enterprise explained that Eskom...
Energy Minister Tina Joemat-Pettersson
Greenpeace has filed papers in the High Court in Pretoria to try and compel Energy Minister Tina Joemat-Pettersson to update the country's nuclear liability regulations, it said on Friday. The fact that the South African government was pushing ahead with...
Through its climate investment fund (CIF), the African Development Bank (AfDB) now supports one regional and 25 national investment plans across Africa.
More
 
 
Latest News
Salani Sithole
International consulting engineering company Royal HaskoningDHV (RHDHV) has appointed Salani Sithole as South African MD, effective March 1. Sithole has been with the company for six years and, prior to joining RHDHV, held various positions in engineering consulting,...
The Gauteng Provincial Government has outlined plans to develop a handful of “mega” human settlements as part of an ambitious long-term housing development strategy aimed at narrowing the housing backlog, with plans afoot to replace informal settlements with...
Eskom power stations
While State-owned power utility Eskom was unable to cut off electricity supply to some of its neighbouring trade partners, it was able to reduce energy exports by 10% when load shedding was implemented locally. The Department of Public Enterprise explained that Eskom...
More
 
 
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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 road...
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.
 
 
 
 
 
This Week's Magazine
National flag carrier South African Airways (SAA) is in an advanced stage of renegotiating its deal with European airliner manufacturer Airbus to acquire A320 single-aisle (or narrow body) aircraft. The aim is to replace ten of the aircraft still on order with five...
Worldwide, the main thrust in the ports industry over the past decade or more has been to increase efficiency. Traditionally, ports have been run by engineers and mariners and, in the past, increasing a port’s capacity was achieved by expanding the harbour. “That has...
What do you do when an elephant has a toothache? You call Dr Gerhard Steenkamp from the University of Pretoria’s (UP’s) faculty of veterinary science, Onderstepoort, one of only two elephant ‘dentists’ in the world.
The 2015 Sanlam/Business Partners Entrepreneur of the Year (EOY) competition was launched earlier this month in Johannesburg, with the main focus on creating and inspiring entrepreneurs to create jobs and boost the economy.
In a recent letter to the editor that I sent to Engineering News (Concerns regarding South African portion of Square Kilometre Array) and in a follow-up article elaborating further (We must start preparations to build our own synchrotron light source), I stated my...
 
 
 
 
 
 
 
 
 
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 $96 Close
Subscribe Now for $96