Page 10 - Energize November 2021

NEWS

Acquisition to strengthen local electrical firm

sebe Investment Holdings
(Msebe), an investment
Mcompany with interests in
energy, health and retail announced
that it has acquired a controlling stake
in Power Process Systems (PPS), an
electrical enclosure and distribution
equipment manufacturer. All the
Binding Agreements were concluded on
4 October 2021.
Msebe will take an active and
operational role in the business with
Nhlanhla Zondo (Director) and Msebe’s
technical team working directly with
the PPS management staff. Zondo is
an accomplished electrical engineer
with more than 25 years’ business
and operational experience and
has held various leadership roles in
Nhlanhla Zondo and Michael du Toit
South Africa. He is both a registered
professional engineer with ECSA and a
director at Msebe. a straightforward buy and sell transaction. with most municipalities, Eskom,
“We have been driving towards Msebe Investment Holdings purchased developers and contractors across
this eventuality for a few years now the shares off its own balance sheet, and South Africa, and has supplied major
and we are excited by the prospects having made the financial commitment, is contracts in Namibia, Botswana,
of growing the company’s footprint keen to participate in driving the business Uganda, Tanseco and some European
and strengthening the business. The to grow this investment. customers.
investment represents an important Power Process Systems will be 30 “We are excited about the
strategic opportunity; one which years old in 2023. During the company’s future” says Mike Du Toit. “We have
has not been fully realized due to tenure it has supplied meter kiosks, connected with a business and people
limited transformation efforts – pole boxes, distribution cabinets and whom we are confident will share our
fortunately, that all changes now.” stubbies to some of the largest and commitment and passion to sustainably
says Nhlanhla. most complex reticulation projects in grow the business into the future.
A significant feature of this the country. Today, with facilities in Msebe has “put its money where its
acquisition is that there is no funding the Western Cape and Gauteng, the mouth is” – the investment company
arrangement or equity scheme. This is business has long standing relationships now has as much a vested interest in
the business as all our shareholders.
And as Nhlanhla pointed out, this was
not a rushed transaction, it has been
done right”.
The present and incumbent
shareholders have engaged in many
transactions and projects together to
date and are comfortably familiar with
each other and what each brings to the
partnership.

Contact Ashley Ferguson, PPS,
Phone 086 177-7769,
ash@ppspower.co.za,
E Toth, N Zondo, M du Toit, F Zondo, and C du Toit www.ppspower.co.za

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