WEINERT has entered into an agree­ment with both ATC (Pty) Ltd and Pow­ertech Tele­com Cables (Pty) Ltd to acquire CBI Elec­tric Tele­com Cables (Pty) Ltd in Brits, North West Province, South Africa. The acqui­si­tion is expected to be com­pleted in the third quar­ter of 2023, sub­ject to var­i­ous approvals. 

CBI’s exten­sive expe­ri­ence in the pro­duc­tion of sig­nal and com­mu­ni­ca­tion cop­per cables as well as fiber optic cables makes the com­pany an ideal addi­tion to the WEINERT Group’s capa­bil­i­ties and capac­i­ties and a strate­gic entry into the African mar­ket for WEINERT.

The expan­sion of the busi­ness with over 300 employ­ees made pos­si­ble by this acqui­si­tion is an impor­tant pil­lar of WEIN­ERT’s long-term growth strat­egy. WEINERT will be able to lever­age its exten­sive expe­ri­ence and skilled per­son­nel to fur­ther meet the tech­ni­cal and oper­a­tional needs of its global busi­nesses and cus­tomers. With an unem­ploy­ment rate of around 30% in South Africa, WEIN­ERT’s invest­ment is not only an eco­nomic deci­sion, but also a social respon­si­bil­ity. WEINERT is com­mit­ted to main­tain­ing a Level 2 Broad-Based Black Eco­nomic Empow­er­ment (B‑BBEE) struc­ture in this acqui­si­tion to help address social and eco­nomic chal­lenges and sup­port trans­for­ma­tion and other gov­ern­ment inter­ven­tions in the country. 

The expected tech­no­log­i­cal advances and the increase in data trans­mis­sion rates on the African con­ti­nent make it an excit­ing, fast-grow­ing and largely untapped mar­ket for high-qual­ity spe­cial cables and state-of-the-art opti­cal and fiber optic solu­tions. Both will be needed in the increas­ingly com­plex and demand­ing appli­ca­tions planned in this region. The WEINERT Group’s expan­sion into Africa not only pro­vides the oppor­tu­nity to extend its ser­vices and prod­ucts glob­ally, but also estab­lishes the com­pany as a mar­ket leader on the con­ti­nent in terms of knowl­edge, exper­tise and capability. 

About WEINERT

WEINERT Indus­tries is a lead­ing, fam­ily-owned sup­plier of high-purity quartz glass, pre­forms and rods as well as opti­cal fibers, cables, assem­blies and spe­cial com­po­nents. The com­pany sees pho­ton­ics as a tech­nol­ogy that enables cus­tomers’ ideas and prob­lem solu­tions. Whether stan­dard­ized with cor­re­spond­ing regional approvals or spe­cific and com­pletely new solu­tions, WEINERT pro­vides com­pe­tent and pro­fes­sional sup­port. The com­pany offers a unique prod­uct port­fo­lio at every stage of the value chain: from high-purity quartz glass, pre­forms and drawn fibers to cop­per, hybrid and fiber optic cables as well as com­plete fiber optic sys­tems with opti­cal com­po­nents devel­oped in-house. Along this value chain, WEINERT can inde­pen­dently adapt and opti­mize many fac­tors accord­ing to your require­ments with­out hav­ing to rely on the sup­port of exter­nal part­ners. The com­pany has sites in Ger­many, the USA, China, South Africa, Sin­ga­pore and Hong Kong. 

https://weinert-industries.com/de/

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