Reunert group, a South African JSE-listed company that manages a portfolio of ICT, Electrical Engineering and Applied Electronics businesses, has announced the acquisition of significant stakes in two South African startups.
The company bought a 51% stake in Terra Firma Solutions, a leading turnkey energy engineering solutions provider, and a 74.9% stake in Africa’s only robotics designer and manufacturer, Ryonic Robotics.
Based in Cape Town with offices in Joburg and Namibia, Terra Firma provides turnkey energy engineering solutions, predominantly to the industrial and commercial sectors in South Africa. It has installed numerous large rooftop photovoltaic (solar) energy systems.
Also, Terra Firma 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.
On the other hand, Ryonic Robotics develops state of the art robotic systems for various industries and applications. Its unmanned ground vehicles (“UGVs”) are used for pipeline and other confined and dangerous space inspections by the pipeline, construction, industrial-, energy-, mining- and local government sectors.
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.
“These bolt-on acquisitions fit well with Reunert’s growth strategy into new emerging technologies that complement our existing electronics and electrical engineering expertise,” said Alan Dickson, Reunert chief executive.
The acquisitions, which became effective from 28 February 2017, will augment Reunert group’s strategic focus on innovation and diversification.