Jasco Electronics Holdings Ltd. has sold Malesela Taihan Electric Cable to Community Investment Holdings
Jasco Electronics Holdings Limited (Jasco Electronics) has sold Malesela Taihan Electric Cable (Pty) Limited (M-TEC) to Community Investment Holdings (Pty) Limited (CIH) for US$5 million.
M-TEC is a pioneer in the manufacture of non-ferrous products in South Africa. The company manufactured South Africa's first stranded copper wire as far back as 1924 and produced the country's first aluminum rod in 1955. Today, M-TEC is one of the country's undisputed leaders in the manufacture and supply of power cables, aluminum overhead conductors, bare copper wire and strip products as well as optical fiber cable.
CIH is a 100% black-owned, women-led company with a consolidated group turnover in excess of US$1.5 billion, diversified between healthcare, ICT, power and energy, logistics, mining and infrastructure development.
Jasco Electronics provides a range of true end-to-end converged ICT offerings for carriers and enterprises across the telecoms, communications, IT infrastructure, security and fire sectors. The company's offering also incorporates intelligent technologies including power and renewable energy, water management, data centers and broadcasting. Jasco Electronics also offers component manufacturing of injection-molded plastic, pressed metal components and appliances for the white goods industry.
Oaklins' team in South Africa advised the seller in this transaction.
Talk to the deal team
Jean De Wet
Oaklins South Africa
Annerie Britz
Oaklins South Africa
Related deals
ASPICON has been acquired by Grouplink, a portfolio company of Patrimonium Private Equity and Wille Finance
The acquisition of ASPICON GmbH has strengthened Grouplink Holding GmbH’s position as an integrated IT services group with deep technological expertise in the German-speaking region. ASPICON complements the group’s service portfolio by introducing a highly specialized component focused on database infrastructures.
Learn moreDigitalXRAID has been acquired by Limerston Capital
DigitalXRAID Ltd., a cybersecurity services specialist, has been acquired by the cybersecurity platform of Limerston Capital, a UK mid-market private equity firm. This transaction marks a significant milestone in DigitalXRAID’s growth journey and supports its ambition to become a leading provider of cybersecurity services in the UK.
Learn moreOGD has been sold to Building Beyond Technology Group
Building Beyond Technology Group (BBTG) strengthens its position in the IT sector by welcoming OGD IT-Dienstverlening (OGD) to its platform. With over 1,400 employees, OGD is an established name in the Dutch market as a mission-critical IT service provider for large-scale clients. This addition not only increases BBTG’s scale but also enhances its domain expertise and execution capabilities through close cooperation with the other platform companies.
Learn more