A new holding company, Allied Electronics Corporation (Altron), is created and positions Altech under it as its telecommunications subsidiary and Powertech as the power electronics subsidiary
Altron has approximately 3 700 employees and annual revenue of R89 million.
In 1979, Powertech is listed on the Johannesburg Stock Exchange.
Powertech acquires the Willard Battery Group from the ESB Group (USA) making Powertech South Africa’s largest auto motive/industrial battery manufacturer.
Powertech acquires Litemaster, South Africa’s largest manufacturer of electrical accessories as well as Crabtree Electric from the Crabtree Group (UK).