Bearing Man MD moves to OST
Third Quarter 2006
News & events
AI & Data Analytics
The announcement by Arnold Goldstone, CEO of Invicta Holdings, that Dr Louis Marais, Bearing Man's managing director, will no longer be at the company's helm is disappointing news for Bearing Man, particularly when the company has achieved new levels of sales and profits in a highly competitive market. Bearing Man has experienced a growth in turnover of 168% over the last five years. Operating profits are up 185% for the same period.
Dr Louis Marais
Dr Marais has bought an equity stake in the recently acquired Oscillating Systems Technology Company (OST) by Invicta Holdings and will be relocating to Pretoria after 1 August 2006 to take up his new position as a partner, with Gavin Pelser and Invicta Holdings, in OST.
Dr Marais, who joined Bearing Man in 1996 to formalise the company's human resources division, soon extended his portfolio to include corporate and branch operations. Dr Marais was appointed assistant managing director in 2000 during Greg Till's illness and managing director in 2004. His loyalty to Bearing Man, knowledge of the industry and close associations with overseas suppliers and customers, is reflected in the company's growth.
"It has been a privilege to be part of the Bearing Man team and I have always felt proud of the company's great spirit and steadfast commitment to excellence," says Dr Marais. And adds that, "Although my new challenges will remove me from day to day activities at Bearing Man, I am pleased to remain part of the Invicta Group. I am confident that with Bearing Man's highly developed infrastructure, financial stability and technical expertise, the company will continue to increase market share."
The announcement of Bearing Man's new managing director will be made by the Invicta Board as soon as the appointment has been confirmed.
For more information contact Dr Louis Marais, Bearing Man, +27 (0) 31 576 6200.
Further reading:
Innomotics showcases efficient motors and drives at Hannover Messe
News & events
Innomotics recently presented its innovations and solutions for a sustainable industry at Hannover Messe 2025. Highlights included a novel Active Vibration Control System, IE6 energy efficiency class motors, and new product partnerships.
Read more...
A racing partnership
SKF South Africa
News & events
In one of motorsport’s most demanding arenas, a partnership forged in engineering precision and high-performance ambition has proven its worth. SKF, a global leader in bearing technology and innovation, celebrated a remarkable milestone in partnership with SVR Toyota GAZOO Racing, taking second position overall at the 2025 Dakar Rally.
Read more...
German Chancellor visits Beckhoff at Hannover Messe
Beckhoff Automation
News & events
As part of the traditional Hannover Messe opening tour, Federal Chancellor of Germany, Olaf Scholz visited German company, Beckhoff Automation. Hans Beckhoff, managing director and owner of Beckhoff Automation, presented his company and its comprehensive expertise in the field of software and AI.
Read more...
Festo 100th Anniversary: Celebrating a century-long legacy of innovation and commitment
Festo
News & events
Festo has officially begun celebrating 100 years of groundbreaking technology, commitment and enduring partnerships. To kick off this historic milestone celebration, their Customer Innovation Day and ThankYou Party series brought together customers, partners and employees to reflect on their journey and look ahead to an exciting future.
Read more...
SANSA Hartebeesthoek provides critical support for lunar mission
News & events
The South African National Space Agency (SANSA) is providing vital tracking, telemetry and command (TT&C) support for Intuitive Machines-2 (IM-2) lunar mission from its Hartebeesthoek ground station.
Read more...
Siemens and Oracle Red Bull Racing celebrate 20 years of innovation
Siemens South Africa
News & events
Siemens Digital Industries Software is celebrating the 20th anniversary of its collaboration with Oracle Red Bull Racing, representing one of the longest standing technical partnerships in Formula 1 today.
Read more...
A new generation of solar professionals
News & events
A new generation of solar professionals is rising in Cape Town. The second cohort of the Solar Youth Project has just completed an intensive eight-week training course and is ready to take on the next stage, 10 months of work experience.
Read more...
From the editor's desk: The new space race
Technews Publishing
News & events
The other day an interesting report captured my attention. Within four days, two different private American companies recently succeeded in landing their spacecraft on the moon. Intuitive Machines landed
...
Read more...
Open and collaborative logistics systems
Hikvision South Africa
Surveillance Logistics (Industry) AI & Data Analytics
E-commerce and other high-volume logistics operations need open and collaborative technology ecosystems that drive efficiencies, throughput and digital transformation. Hikvision discusses the benefits of harnessing open and collaborative systems in the logistics market.
Read more...
Upskilled workers add value to maintenance teams
News & events
Maintenance costs, which are traditionally grudge expenses for businesses or industrial operations, can be kept to a minimum by ensuring that maintenance crews are properly trained in key aspects of the condition monitoring process. Wearcheck offers a choice of more than 15 courses covering a wide range of topics, from general oil analysis to thermography, transformer maintenance and many other reliability solutions services.
Read more...
printer friendly version