https://www.engineeringnews.co.za

ELB implements B&W buy-out

22nd April 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

Engineering solutions provider ELB Group is set to leverage the synergies between it and electrical and instrumentation company B&W Instrumentation and Electrical, the acquisition of which ELB is busy concluding.

ELB, which had issued over 1.96-million shares as consideration for the acquisition of B&W, said in a statement on Tuesday that B&W joined ELB Group with a “sound order book” and the group planned to “take advantage” of project opportunities.

“There is a good cultural fit between the two organisations and the acquisition offers B&W the opportunity to be part of a larger group and bring to ELB Group the many years of B&W management experience, which will ultimately benefit the current and future customers that both organisations serve,” ELB said.

As the parties served similar industries, the acquisition was expected to create improved efficiencies and long-term sustainability for the combined group of companies.

Edited by Tracy Klückow
Creamer Media Contributing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rio-Carb
Rio-Carb

Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...

VISIT SHOWROOM 
Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.052 1.021s - 141pq - 2rq
Subscribe Now