ARB Holdings Limited has acquired Eurolux (Pty) Ltd
ARB Holdings Limited (ARB) has acquired 60% of the shares in Eurolux (Pty) Ltd for a purchase consideration of US$10 million.
ARB Holdings is an investment holding company for businesses involved in the trading and distribution of electrical, lighting and related products to the mining, industrial, construction, parastatal, retail and domestic markets across South and southern Africa.
This acquisition forms part of ARB’s long term strategy to offer a diversified range of electrical and related industrial products to a wide range of industries and customers. As a trading and distribution business, Eurolux is strategically aligned with ARB’s core competencies and provides ARB with a unique opportunity to leverage its existing share of the lighting sector. The well branded range of high quality lighting products offered by Eurolux augment ARB’s extensive range of electrical products and are sold into a complimentary rather than overlapping customer base.
This transaction creates an opportunity to leverage both, ARB’s distribution network to accelerate growth within certain of Eurolux’s product categories and market segments, and Eurolux’s international procurement expertise and relationships to source other related products for ARB.
Eurolux was founded in 1991. It is one of the leading importers and distributors within the electrical industry of energy-saving light bulbs, fluorescent lamps and fans. The management team and previous shareholders of the company will continue to own 40% of the shareholding.
Oaklins' team in South Africa acted as financial advisor to the buyer in this transaction.
Talk to the deal team
Related deals
E.Gruppe, a GIMV portfolio company, has acquired LET Gruppe from GFEP Family Equity
LET Gruppe, a leading German provider of customized electrical infrastructure and energy system solutions, is set to become part of E.GRUPPE, a fast-growing industrial platform backed by European investment firm GIMV. The parties have signed a definitive agreement under which E.GRUPPE will acquire 100% of the shares in LET Gruppe from GFEP Family Equity, which has supported the company’s growth and strategic development in recent years. The transaction is subject to regulatory approvals.
Learn moreCrux Agribotics has been acquired by VDL
Crux Agribotics, a Dutch AgTech innovator with a 40-year heritage in computer vision, robotics, software development and high-tech engineering, has been acquired by VDL Groep, an international industrial family business. Through the acquisition of Crux Agribotics, VDL Groep further strengthens its position in foodtech, one of the growth markets for this family-owned industrial company.
Learn moreEast Metal has been acquired by management and private investors
The Latvia-based metalworking company East Metal has been acquired from its former Danish owner, East Metal Holding, through a management buy-out (MBO) by a group of private investors, the current owners of Valpro, in partnership with the local management team. Financing for the transaction was provided by Signet Bank.
Learn more