http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.58Change: 0.17
R/$ = 10.95Change: 0.02
Au 1201.61 $/ozChange: 2.45
Pt 1226.50 $/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 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
Steel among the five resource value-chains being prioritised
The Mineral Beneficiation Action Plan (MBAP), which is currently in draft form, should be finalised by the end of March 2015, the Department of Trade and Industry (DTI) has confirmed. The department is leading the drafting process, which also involves the National...
Eskom started with scheduled blackouts on Friday afternoon, the power utility said. "Load shedding will continue until 8pm tonight," it said in a short power update.
The African Development Bank (AfDB) has approved a $133-million loan to fund a project aimed at improving access to electricity among poor populations in Kenya's rural areas. Only a third of Kenya's more than 40-million people are connected to the grid, and poor...
Article contains comments
More
 
 
Latest News
Industrialisation remains a major part of the South African developmental agenda and an important vehicle towards achieving the Department of Trade and Industry’s (DTI’s) target of creating 100 black industrialists in the next five years, Trade and Industry...
The construction of a new innovation hub in the heart of the Dube TradePort, in Durban, was set to kick off in March 2016, as Dube TradePort Corporation sealed a R160-million lease agreement with Eureka Capital. Eureka Capital planned to develop a seven-storey 21 500...
South Africa will become the first African country to host the Organisation for Economic Cooperation and Development’s (OECD’s) Steel Committee Conference when the committee’s seventy-seventh session takes place in Cape Town between December 11 and 12. The...
More
 
 
Recent Research Reports
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.
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.
 
 
 
 
 
This Week's Magazine
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
JAMES ROBERTS The MOM incubator was designed to help babies in developing nations who were dying in conflict-struck nations or who do not receive hospital care
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.
 
 
 
 
 
 
 
 
 
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