Bosch Rexroth to acquire 50% of Hytec
3rd Quarter 2014
News & events
Bosch Rexroth plans to acquire a 50% share in its sales partner Hytec Holdings, a wholly owned subsidiary of the Tesuco Group, subject to regulatory approval. Hytec Holdings generated sales of almost R1 billion in the 2013/2014 fiscal year. The transaction will cement Hytec’s position as the leading supplier and manufacturer of hydraulic and automation components and fluid power solutions in Africa.
“Strategically the deal allows Hytec to gain closer synergies with a business partner with whom we have strong ties, combining our complementary activities to achieve greater performance and increase our market share in sub-Saharan Africa,” said John Wingrove, group managing director of Hytec Holdings.
From l: Ingo Neuer, head of legal department, Bosch Rexroth; Michael Burgess, CEO of Tesuco Holdings; Peter Daus, director of regional management, Bosch Rexroth; John Wingrove, group managing director of Hytec Holdings.
“This acquisition is an important step for Bosch Rexroth to increase its presence in Africa. It brings together two premier organisations and reinforces our strong joint commitment to the African continent. Combining the best talent in our two organisations enhances our ability to deliver world-class solutions,” said Dr Karl Tragl, president of Bosch Rexroth.
Michael Burgess, CEO of Tesuco Holdings added, “From a Tesuco perspective, the deal affords Tesuco the opportunity to further advance its existing and greenfield business interests by optimising existing assets.”
Hytec’s existing 31 branches and operations across South Africa, Ghana, Mozambique, Namibia and Zambia will provide a strong basis for Bosch Rexroth to further expand its network into Africa, which is seen as a key growth area.
For more information contact Willem Gijzelaar, Hytec Holdings, +27 (0)11 979 4630, [email protected], www.hytec.co.za
Further reading:
New digital tool reconditioning portal puts customers fully in control
News & events
Sandvik Coromant has upgraded its tool reconditioning service for solid round tools. The upgraded service replaces a previously manual, multi-stage workflow with a streamlined, fully online experience that dramatically reduces quotation and turnaround times.
Read more...
New automation innovations on show at Electra Mining Africa 2026
News & events
South African engineers are leaders in innovation and technology development. Many of these innovations and newly automated systems will be on display at the largest trade show of its kind in southern Africa, Electra Mining Africa 2026, taking place in Johannesburg later this year.
Read more...
From a technological revolution to a global standard.
Beckhoff Automation
News & events
When Beckhoff elevated the industrial computer to the status of a central control system four decades ago, a paradigm shift occurred.
Read more...
Investment in training is key for the lubrication industry
News & events
Lubrication management has grown more sophisticated in recent years, yet equipment failure rates linked to lubrication problems remain stubbornly high. The reason for this is that technology can only go so far without the people behind it being properly trained.
Read more...
Elevating artisanal skills is key to revitalising South Africa’s economy
News & events
We need to challenge the stigma attached to artisanal and technical careers, and we also need a mindset shift supported by the schooling system so that young people understand future career pathways, choose subjects accordingly, and recognise that artisanal and technical skills carry equal value in a modern economy.
Read more...
From the editor's desk: A tool not a crutch
Technews Publishing
News & events
Every year, the dictionaries try to summarise a year of human behaviour with a single word, the word of the year. You can question the value of this, but it’s quite entertaining. Words are important,
...
Read more...
Experience ICRA 2026 right here in Gqeberha, South Africa
News & events
The IEEE International Conference on Robotics and Automation (ICRA) is the largest robotics, automation, artificial intelligence, and manufacturing conference in the world. You can experience the premier keynote and plenary presentations in Gqeberha.
Read more...
Woman of Stature Awards South Africa
News & events
In a powerful recognition of excellence in a traditionally male-dominated industry, Thabisile Phumo won the Woman in Mining and Engineering award at the 2026 Woman of Stature Awards South Africa.
Read more...
Electra Mining Africa 2026
News & events
Electra Mining Africa will take place at Nasrec, Johannesburg from 7 to 11 September 2026.
Read more...
Toolbox on the Move brings critical components and support right to your door
Bearing Man Group T/A BMG
News & events
BMG has expanded its service to businesses operating in remote areas in the Eastern Cape with the launch of a new mobile sales and support initiative.
Read more...
printer friendly version