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South African power transmission distributor sold to Bidvest

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Following approval from South Africa’s Competitions Commission, RAD Phambili Interface has been acquired by Bidvest Electrical (Voltex) – a subsidiary of the Johannesburg-listed Bidvest Group.

Phambili Interface is the exclusive distributor for Weidmuller, Pfannenberg, Bocchioti, Interflex, Alfra and Shrinktek in sub-Saharan Africa, and the acquisition has the full support from these much valued international suppliers. All existing management and staff will keep their current positions.

The business was created in 2006 as the trading company of RAD Interface, which was established in 2000 as a management buyout of Weidmuller South Africa.

Voltex CEO Stanley Green said: “We are delighted with this synergistic acquisition for Bidvest Electrical as Phambili Interface is a dynamic and impressive performer, with historically strong foundations that offer tremendous opportunities for creating continuing growth in the niche sector it which it operates.”

Phambili Interface (Pty) Ltd was created in 2006 as the trading company for RAD Interface (Pty) Ltd, which was established in 2000, following the management buyout of the subsidiary Weidmüller (Pty) Ltd South Africa, originally incorporated by Weidmüller Germany in 1970.

Derrick Mulligan the current Managing Director of RAD / Phambili Interface (Pty) Ltd added: “Since the MBO in 2000 the company has had exponential growth and the next logical step to continue this growth in the South African and African market was to seek a suitably strong corporate partner with deep roots and experience in our industry to acquire the business”.

 

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Posted mrt 2016
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