BMG – Bearing Man Group – has concluded a sale of share agreement for the purchase of 70% of the shares of Wegezi Power Holdings. The company’s management team will retain the balance of the shares.
Companies in the Wegezi Group – Wegezi Electric Machines, VG Pump and Valve and Electric Motor Re-manufacturers – were amalgamated to facilitate this transaction with BMG. Wegezi, established as a motor rewinding company in 1981, has diversified into the manufacture and repair of transformers, electric switch gear, panels and pumps. The company also offers an on-site repair service.
“We believe the acquisition of Wegezi Power Holdings will make a meaningful contribution to the growth of BMG. This acquisition significantly extends the product range and services offered by the Group, particularly the repair of electric motors,” says Charles Walters, BMG’s CEO. “The Wegezi transaction supports BMG’s strategy to expand its business through select value adding acquisitions. BMG continues to differentiate its business through specialist services that include technical advice on energy savings and production efficiency, condition monitoring and maintenance, on-site maintenance support, repair services for bearings, gearboxes, electric motors, hydraulic systems and pumps, as well as customer training.
Clive Gurney (left) CEO, Wegezi Power Holdings, with BMG CEO, Charles Walters
Reinstatement opportunity for ECSA registration
News
In 2023 the Engineering Council of South Africa (ECSA) announced a special opportunity for engineers in South Africa to reinstate their registration status if it had been cancelled. This exclusive offer is available until the end of August 2024.
Read more...Hytec opens fifteenth Mandela Day library Bosch Rexroth Africa
News
Over 200 learners at Monene Primary School in rural Limpopo have received their own containerised library. This is the fifteenth library since 2011, provided by Hytec South Africa and the Nelson Mandela School Library Project to schools across the country.
Read more...CSIR survey on the state of cybersecurity in South Africa
News
The CSIR Information and Cybersecurity Centre has released four comprehensive national cybersecurity surveys. These delve into critical areas such as cybersecurity preparedness and resilience in the public sector, cybersecurity skills gaps, cybersecurity incidents, and the digital identity landscape in South Africa.
Read more...Referro Systems partners with Festo in Northern Cape
News
Referro Systems has been recognised as an Authorised Official Partner Candidate for Festo in the Northern Cape, marking a significant milestone in its commitment to delivering best-in-class automation solutions to customers.
Read more...Heavy-duty tablet achieves global certification Vepac Electronics
News
In a significant advancement for the company’s rugged tablets, the Teguar TRT-5380-10 heavy-duty tablet from Vepac has successfully acquired 11 international certifications, setting a new standard in quality, safety, and security across global markets.
Read more...RS PRO expands automation range RS South Africa
News
As automation continues to revolutionise production facilities, RS PRO, the trusted own brand of RS, is expanding its product range to meet the growing demand for smarter, more efficient processes.
Read more...From the editor's desk: Killer science Technews Publishing (SA Instrumentation & Control)
News
I couldn’t resist watching The World Industrial Reporter’s video on Ten Scientists Killed By Their Own Experiments. Some of them would have deserved the Darwin Award for taking themselves out of the ...
printer friendly version