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.
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...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 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...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.
While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.
printer friendly version