Milestones

2013

Amalgamation of Powertech IST, Strike Technologies and TIS into one company – Powertech System Integrators.

Acquisition of Powertech Quadpro, a turnkey substation business.

2012

Powertech Batteries opened a state of the art distribution centre and warehouse for its Powertech Battery operations in Elandsfontein, Ekurhuleni.

A new CEO for Powertech, Neil Kayton, was appointed.

Strike Technologies renews is manufacturing agreement with ABB South Africa to manufactore the ZORC® Surge Suppressor. 

Powertech Insulation opens its newly expanded production facility in Pretoria West.

2011

To increase customer focus and improve its offering of packed solutions, Powertech merged its low voltage house wire business of Aberdare and Crabtree Electrical Accessories. 

Powertech enters a Joint Venture with EnerSys, the global leader in stored energy solution, by selling 50.1% of its industrial bater business incorporating Battery Technologies, Rentech and Willard Industrial Division to form EnerSys Powertech. 

Powertech Transformers entered an alliance agreement with TMC Italia S.p.A for the supply of cast resin dry type windings/coils and transformers.

2010

Powertech Transformers secures status of a Level 3 BBBEE Contributor

Successful launch of the Air Insulated Medium Voltage Switchgear at the 2010 Annual AMEU Convention

2009

Powertech Transformers expands BEE shareholding and restructures transformer business: Power Matla, chaired by Solly Moloko, takes a 20% equity in the combined Powertech Transformers and Desta Power Matla operations

2008

Acquisition by Powertech of the electrical engineering operations of the IST group for  R505 million, effective 1 September 2007

Acquisition by Powertech of Swanib Cables the largest cable distributor in Namibia for R43 million, effective 1 March 2007.

Acquisition the 50% stake we did not own in ABB Powertech Transformers from ABB for R320 million

Disposal of Yelland Control to Omron Europe for R65 million

Powertech Energy Solutions, a division of Strike Technologies (Pty) Ltd., established in partnership with a British firm to provide turnkey energy management services to large enterprises, including 100 kVA – 1,000 kVA gensets

Integration of EPC into Strike Technologies and move of the EPC manufacturing to the Strike facilities in Midrand.

2007

Acquisition of Swanib Cables

Acquisition of IST, subject to regulatory approval, 1 Sep 07

Acquisition by Powertech of the 25% minority in Cables de Comunicaciones Zaragoza for €8 million;

Aberdare Cables and Reunert concluded a 50/50 joint venture telecoms cable business for copper, fibre and data telecoms cable, CBI Electric Aberdare ATC Telecoms Cables.

2005

Acquisition of Calidus Von Roll Isola (Pty) Ltd, valued at R32-million, a manufacturer and supplier of electrical insulation material, and signs a new 10 year agreement with Von Roll Isola

Merged Whiteleys into Powertech Calidus and successful conclusion of the Calidus/Whiteleys BEE deal with Mahogany Capital

Aberdare Telecom Networks closure at a cost of approx. R40m, which impacted negatively on operating profit by R19m and earnings by approx. R14m

Closure of Tridonic magnetic ballest factory cost of R4.5m, with loss of R 2m at operating profit.

2004

Desta Power Matla restructures for a direct 25,05% equity empowered shareholding by Power Matla; turnover surpasses R3.5 billion.

The empowerment deal with Kagiso Trust Investments at Battery Technologies has been completed with signing of the agreements in December 2003 and the final closing in January 2004.

2003

Aberdare Cables sells 30% to BEE company, Izingwe Capital, founded by Sipho Pityana. Izingwe becomes Powertech’s de facto anchor empowerment partner.

2002

Powertech is delisted and becomes a wholly-owned subsidiaries of Altron

Powertech's shareholding of 30% in Voltex distribution is sold for R140 million to Bidvest

Foreign revenues reach 28% of total income.

2001

The Altron Chairman and Chief Executive Officer positions (both previously held by Dr Venter) are split. Robert Venter is appointed Chief Executive of Altron,with Dr Venter retaining the Chairmanship of the group

Acquired distribution transformer business, Cape Town based Power Engineers, formerly owned by NEI and integrated into our black-empowerment subsidiary Desta Power Matla.
Disposal of 29% shareholding in Voltex

The Ikwezi Group, a leading black empowered telecommunications group, has purchased a 10% equity interest in Aberdare Cables.

Ikwezi also purchased a 20% equity interest in our solar and renewable energy business Renergy Technologies.

In a first for battery operations in South Africa, Willard Batteries and Sabat Batteries have received ISO 14001 Environmental Management Systems accreditation from the German TUV. This qualifies both operations as world class manufacturers and suppliers.

Disposal of the U-Lite Lighting Structures, Powertech’s mast manufacturing business, to the LeBLANC group.

Discontinued the non-core Aberdare Plastics operation.

Aberdare Cables recently acquired a minority shareholding in Alcon conductors. This acquisition will assist in increasing Aberdare’s capacity of the smaller overhead conductors. It also strengthens our relationship with Aberdare’s non-executive director Edwin Phala, whose black empowered company Shilangane Engineering (Pty) Ltd is the main shareholder in Alcon

Disposal of 25.1% equity interest in Aberdare Fibre Optic Cables (Pty) Ltd to world leader in fibre-optics, Corning Inc. of the USA. Aberdare Cables, a subsidiary of Powertech, enters into an equity partnership with Corning International Corporation, a world leader in optical fibre technology

2000

Powertech is rated by Forbes Magazine as one of the top 300 smaller companies in the world.

Acquisition of leading Spanish telecommunication cable manufacturer, Cables de Comunicaciones Zaragoza SL.

Offshore investments in Dynamic Batteries (UK) and Alcobre Condutores Electricos, SA (Portugal) now being directly held and consolidated by Powertech.

Loss-making non-core U-Lite Luminaire manufacturing business disposed of at end December 2000.

1999

A Black empowerment group, Kwezi Investments Limited, acquires a 10% stake in Aberdare Cables for more than R10-million.

Sold Illman Plastic Injection Moulding Division to Highveld Steel and Vanadium Corporation Limited.

Disposal of non-core asset, the plastic injection moulding business Aberdare Plastics and rationalised electrical accessories products into Crabtree Electrical Accessories.

Restructuring of ABB Powertech Distribution Transformer Division with the involvement of the black empowerment group Power Matla. Business was merged with Desta Transformers to form Desta Power Matla.

Acquisition of Battery Technologies, one of South Africa’s leading supplier in the highly specialized field of stationary and stand-by power systems and rectifiers for the telecommunications industry.

Aberdare Cables in a R20-million Mozambican joint venture, Aberdare Intelec Cabos Lda, starting up a cable manufacturing business on the outskirts of Maputo.

Divestment of the 40% share in ABB Powertech Transmission and Distribution to ABB

1998

Acquired Sabat Battery Company and together with Willard Batteries positioned our group as the leading battery manufacturer and distributor in South Africa

Awarded a major portion of Telkom's R800-million cable contract.

Powertech acquires the cable manufacturing interests, as well as a 25% stake in the distribution business of Voltex Holdings Limited for R750 million.

Aberdare Cables now ranked as one of the world’s top 25 cable manufacturers.

Acquisition of Lambda Cables, the leading South African manufactuer of specialized data cable

1997

ABB Powertech is restructured to form ABB Powertech Transformers and ABB Powertech Transmission and Distribution, with Powertech taking a 40% stake in ABB Powertech T&D for R 26.5m

ABB Powertech Transformers secures substantial orders for the supply of transformers for two power plants in Mexico and further power plants in the USA.

1996

Turnover exceeds R2 billion.

Acquisition of Alcobre Condutores, a cable manufacturing plant in Portugal.

Powertech disposes of its Gentech household appliance business to Whirlpool (USA).

1995

Delta Cables acquired, a XLPE and rubber cable manufacturer in Cape Town.

Established Powertech Electrification (Pty) Limited to accelerate the electrification programme for disadvantaged communities.

Strike Technologies wins the Group Schneider Design Award for its world-class Enermax programmable time-of-use meter. Strike also received a Technology Top 100 Award

1994

Turnover exceeds R1.5 billion

1993

ABB acquires 50% interest in Accurate Control Systems; Aberdare acquires Systol; agency for Omron product range secured. Aberdare receives a Cullinan Design Trophy.

Aberdare Cables acquires Delta Cables thereby further consolidating South Africa’s cable market.

ABB Powertech is established as a joint venture.

Acquisition of U-Lite Holdings, integrated with Lascon Decalight and WJ Parry merged to form Tridonic SA. 

1992

ABB acquires 50% interest in Accurate Control Systems; Aberdare acquires Systol; agency for Omron product range secured. Aberdare receives a Cullinan Design Trophy.

Aberdare Cables acquires Delta Cables thereby further consolidating South Africa’s cable market

1991

Yelland Technology Holdings acquired; EPC Integrated with Litemaster and Crabtree.

1990

Turnover exceeds R1 billion; JA Crabtree acquired and integrated with Litemaster.

1989

Aberdare Cables awarded SABS mark 1418 and Willard SABS 0157.

1988

Agreement reached with BBC Brown Boveri of Switzerland for Asea to sell its operating divisions to Brown Boveri SA for a 50% shareholding in the merged company.

1985

Acquired a major stake in Aberdare Cables.

1984

Powertech's turnover exceeds R100 million; it acquires 49,6% and management control of Asea Electric SA and a 60% interest in African Electric/Litemaster, its electrical accessories business.

1982

Acquired Willard Batteries and a controlling interest in Lascon Lighting.

1981

Acquired a 66% stake in Whiteleys SA, expanding activities in the electrical insulation field

1978

Powertech founded with its first company EPC.