MAN Diesel & Turbo South Africa (Pty.) Ltd., local subsidiary of the engineering enterprise MAN Diesel & Turbo SE (Augsburg, Germany), has entered into an agreement to acquire 100% of the shares in the family-owned ELCA Engineering (Pty.) Ltd. near Johannesburg. Closing of the transaction is subject to approval of the South African Competition Commission. The parties agreed not to disclose any financial details of the transaction.
Dr. René Umlauft, CEO of MAN Diesel & Turbo SE, states: “This acquisition underlines our growth strategy in Africa and enables us to offer an even broader range of services in the Sub-Saharan region.“ Already present in South Africa with three sales and service locations, MAN Diesel & Turbo SE with its service brand MAN PrimeServ is heading to further strengthen its Global Organization with a local footprint, combining local flexibility with the technical competence of an Original Equipment Manufacturer (OEM).