SOUTH AFRICA – ELB Group, a South African holding company with investments in capital equipment and engineering services, has sold its instrumentation and electrical firm B&W Instrumentation and Electrical to Matatrim for a nominal R1. The transaction comes five years after ELB bought the business, which it says will enable B&W to raise external funding. According to EBL, this will also enable B&W to build its client base and to focus on growing revenue “given that B&W’s capacity has mostly been absorbed by ELB group operations in the past while…
Read MoreSouth Africa’s ELB Group sells electrical and instrumentation subsidiary to Matatrim
