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.

“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:

From the editor's desk: What happened to the metaverse?
Technews Publishing News & events
One of the most interesting technical crashes in recent years is the metaverse. As recently as 2022 it was white hot, with massive hype led by Meta. Even Bill Gates was saying that in two to three years ...

Read more...

---

Hamar Controls earns dual Siemens Partner Awards
News & events
Hamar Controls has been honoured with two Smart Infrastructure Partner of the Year Awards by Siemens. These acknowledge the company’s exceptional manufacturing output within the Siemens SIVACON S8 partner programme.

Read more...

---

SKF and Sieb & Meyer announce strategic partnership for magnetic bearings
SKF South Africa News & events
SKF has announced a strategic partnership with Sieb & Meyer, a renowned expert in variable frequency drives and control electronics.

Read more...

---

Academy pumps out the next generation of experts
News & events
KSB Pumps and Valves has invested in a specialised training centre designed to equip internal and branch staff and certified partners with in-depth knowledge of KSB products and systems.

Read more...

---

Africa Automation Indaba 2026
News & events
Africa’s automation and process control landscape is poised for a major milestone with the launch of the Africa Automation Indaba, taking place from 13 to 14 May 2026 at the Radisson Collection Hotel, Waterfront, Cape Town.

Read more...

---

BMG and Danfoss Drives reaffirm their long-standing partnership
Bearing Man Group T/A BMG News & events
BMG and Danfoss Drives are celebrating a decade of close collaboration, strengthening BMG’s original distribution agreement for Danfoss variable speed drives and soft starter range.

Read more...

---

Innomotics certified for innovative mine winder braking system
News & events
Innomotics has achieved SIL 3 certification for the COBRA 02 S braking system for mine winder installations, together with OLKO-Maschinentechnik.

Read more...

---

BMG backs emerging driver talent in South African motorsport
Bearing Man Group T/A BMG News & events
BMG has reaffirmed its commitment to local talent development through its sponsorship of Karabo Malemela, a driver on the Pablo Clark Racing Development Company’s motorsport development programme.

Read more...

---

Parker Hannifin brings advanced motion technologies to the World RX
Parker Hannifin - Sales Company South Africa News & events
Parker Hannifin is back on the FIA World Rallycross Championship grid to push the limits of sustainable performance in one of motorsport’s toughest arenas.

Read more...

---

Prestigious award recognises inventiveness and entrepreneurial courage
Beckhoff Automation News & events
Hans Beckhoff, managing director, owner and founder of Beckhoff Automation, was recently honoured with the widely acclaimed Rudolf Diesel Medal 2025. This medal honours him as a visionary pioneer in automation technology.

Read more...

---