New acquisition

ABB South Africa announced the acquisition of the mine hoist related business of a local manufacturer, Coilmech (Pty) Ltd. Mine hoists are used to transfer materials and people up and down mine shafts. ABB South Africa will add the business to its process automation portfolio for customers in the mining sector. These products are important for the upgrading and expansion of mining infrastructure and in assisting mines to use energy more efficiently. ABB South Africa will expand distribution of these solutions through its India, Middle East and Africa (IMA) regional distribution channels and increase the product range. The business will transfer to ABB‘s new head office, logistics and manufacturing premises at Longmeadow, Johannesburg. The acquisition is subject to customary regulatory approvals.

 

ABB South Africa, Tel: +27 10 202 5770,

www.abb.co.za

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