ABB acquires Coilmech
- Publishing Date
- 28 Sep 2010 5:02pm GMT
- Author
- Paul Moore
Loading & Hauling
ABB South Africa, a subsidiary of the global power and automation technology group, has agreed to acquire the mine hoist-related business of local manufacturer, Coilmech (Pty) Ltd, for an undisclosed sum.
ABB stated that it will add the business to its process automation portfolio for customers in the mining sector. These products are important for the upgrading and expansion of mining infrastructure and in assisting mines to use energy more efficiently.
"This acquisition forms part of ABB's strategy to support the mining sector with local manufacturing and demonstrates our commitment to the local market," said Carlos Pone, CEO of ABB South Africa. "Current and future customers will benefit greatly from ABB's electrical and mechanical integration capabilities, as well as from ongoing improvements in quality and performance arising from ABB's far-reaching research and development (R&D) efforts."
The Coilmech operation, based in Ekurhuleni, employs approximately 30 people. The business will transfer to ABB's new head office, logistics and manufacturing premises at Longmeadow, Johannesburg, in 2010.
ABB stated that it will add the business to its process automation portfolio for customers in the mining sector. These products are important for the upgrading and expansion of mining infrastructure and in assisting mines to use energy more efficiently.
"This acquisition forms part of ABB's strategy to support the mining sector with local manufacturing and demonstrates our commitment to the local market," said Carlos Pone, CEO of ABB South Africa. "Current and future customers will benefit greatly from ABB's electrical and mechanical integration capabilities, as well as from ongoing improvements in quality and performance arising from ABB's far-reaching research and development (R&D) efforts."
The Coilmech operation, based in Ekurhuleni, employs approximately 30 people. The business will transfer to ABB's new head office, logistics and manufacturing premises at Longmeadow, Johannesburg, in 2010.
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