https://newsletter.en.creamermedia.com
Building|Cutting|Industrial|Manufacturing|Welding|Equipment|Manufacturing
Building|Cutting|Industrial|Manufacturing|Welding|Equipment|Manufacturing
building|cutting|industrial|manufacturing|welding|equipment|manufacturing-industry-term

Mergence acquires controlling stake in Lasercraft

13th November 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Laser cutting company Lasercraft has completed a shareholder transaction with black-owned Mergence Group, enabling the company to obtain a Level 2 black economic empowerment (BEE) rating.

The transaction will provide the necessary capital for Lasercraft to continually invest in metal laser cutting, bending and welding equipment to maintain its position as a market leader.

Lasercraft MD Paul Dreyer said the company had been seeking a BEE partner for years but struggled to find the right fit.

He added that the Mergence team shared the same passion and structural view of the metal sector, making it an ideal option.

Mergence now has a 60% stake in Lasercraft, of which 51% is owned by black women.

The transaction speaks to Mergence’s vision to partner with sector-leading industrial companies to create entities that are focused on local content, building South African manufacturing capacity and leaving a legacy for future generations.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.363 0.467s - 202pq - 2rq
Subscribe Now