KDI Group signs deal to buy 25% of Bonfiglioli in South Africa
South African engineering business KDI Group has signed a strategic partnership deal with global industrial equipment manufacturer Bonfiglioli, which has been operating in South Africa for over 31 years, servicing key industries in mining, construction and energy sectors, and KDI owns 25% shares of Bonfiglioli South Africa.
“This transaction and partnership allows KDI an opportunity to contribute to providing products that our country needs to keep the economy in motion. These innovative specialised products enable South African companies to compete globally, being equipped with state-of-the-art gearmotors and drive systems. Through this partnership, we want to be a catalyst for modernisation and economic growth not only in South Africa but also across the rest of the continent,” says KDI Group chairperson Kuseni Dlamini.
“We are a global business, but embedded in communities, we believe in “local for local”. The strategic partnership with Kuseni Dlamini and KDI is an important milestone in our business. There are strong synergies between KDI Group and Bonfiglioli and we believe that the values and vision we both share will take this partnership to new heights and add value, not only for the business but for our people, our customers and communities,” says Bonfiglioli Group CEO Fausto Carboni.
“It has been a worthwhile journey and as KDI we are pleased to be a strategic partner to Bonfiglioli. Though a global company, we share the common vision, values and mission and we are particularly proud of its commitment to its people, customers and community. We see opportunities to further entrench the Bonfiglioli brand among our many customers and stakeholders in order to expand and grow the business into Africa,” Dlamini adds.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation