Altron exports reach R500 million with a remarkable overall 53% increase in exports in rand value terms.
Acquisition of Lambda Cables.
ABB Powertech is restructured to form ABB Powertech Transformers and ABB Powertech Transmission and Distribution.
Netstar, South Africa’s leading vehicle tracking company, is acquired.
Powertech acquires Sabat Batteries.
Powertech acquires the cable manufacturing interests, as well as a 25% stake in the distribution business of Voltex Holdings Limited for R750 million.
Powertech’s Aberdare Cables is ranked as one of the world’s top 25 cable manufacturers.
ABB Powertech Transformers secures substantial orders for the supply of transformers for two power plants in Mexico and further power plants in the USA.