South Africa-based investment company Reunert, which manages a portfolio of businesses in the electrical engineering, information communication technologies and applied electronics industries, has acquired majority interests in two local businesses in order to “augment the group's strategic focus on innovation and diversification”.
Effective from 28 February 2017, JSE-listed Reunert owns a 51% stake in Terra Firma Solutions, a turnkey energy engineering solutions provider. Terra Firma, which was founded in 2012, has installed numerous large rooftop photovoltaic energy systems and has over 800 sites under remote energy and water management through its in-house developed smart software. Its Training Academy provides accredited skills development courses in green careers.
“This transaction will firmly position Reunert to take advantage of the shift towards renewable energy and independent power production, not only in South Africa, but also north of our borders,” the company said in a statement.
Reunert has also invested in 74,9% of Africa's only robotics designer and manufacturer, Ryonic Robotics. Founded in 2014, Ryonic Robotics develops state-of-the-art robotic systems for various industries and applications, including unmanned ground vehicles (UGVs) used for pipeline and other confined and dangerous space inspections. The first export orders for UGVs to investigate underground pipes have already been shipped to the USA, where Ryonic is aiming to take a substantial market share with its innovative and top quality products.
According to Reunert, the robotics and automation market has exciting growth trajectories worldwide. “Ryonic's intellectual property and engineering capability will provide a strong competitive advantage against global competitors. There is also a natural overlap with Reunert's customer base and Ryonic's pioneering product suite can augment some of the group's existing products,” the company said.
“These bolt-on acquisitions fit well with Reunert's growth strategy into new emerging technologies that complement our existing electronics and electrical engineering expertise,” Reunert Chief Executive Alan Dickson says.
Image credit: https://www.reunert.co.za/board-of-directors.php