Bosch Rexroth to acquire a 50% stake in the Hytec Group
July 2014
News
Bosch Rexroth plans to acquire a 50% stake in its sales partner Hytec Holdings, a wholly owned subsidiary of the Tesuco Group for an undisclosed sum. Hytec Holdings generated sales of almost R1 billion in the 2013/2014 fiscal year and employs 675 employees across its operations.
The transaction, which is subject to regulatory approval, will cement Hytec’s position as the leading supplier and manufacturer of hydraulic and automation components and fluid power solutions in Africa. Bosch Rexroth will have the option to increase its shareholding over the next few years to 100% of the Hytec Group. Power Team, a subsidiary company of the Hytec Group which specialises in hydraulic maintenance tools and torque tightening equipment, is excluded from the deal and will remain a wholly owned subsidiary of the Tesuco Group.
Left to right: Ingo Neuer: head of legal department Bosch Rexroth, Michael Burgess: CEO of Tesuco Holdings, Peter Daus: director regional management Bosch Rexroth and John Wingrove: group managing director of Hytec Holdings.
“Strategically the deal allows Hytec to gain closer synergies with a business partner with whom we already have strong ties, combining our complementary activities to achieve greater performance and increase our market share in sub-Saharan Africa,” says John Wingrove, group managing director of Hytec Holdings. “The best practice and technical knowledge that exists between the two businesses underpins what is a natural progression of our business growth,” he adds.
“This acquisition is an important step for Bosch Rexroth to increase its presence in Africa. As technical experts who know the local market well, the Hytec Group has been an important partner of ours for many years, so it is a natural progression for us to expand our presence in the region together with them. This acquisition brings together two premier organisations and reinforces our strong joint commitment to the African continent. Combining the best talent between our two organisations enhances our ability to deliver world-class solutions to our clients,” said Dr Karl Tragl, president of Bosch Rexroth AG.
Michael Burgess, CEO of Tesuco Holdings added: “From a Tesuco perspective, the deal affords Tesuco the opportunity to advance its existing business interests by optimising existing assets.”
Hytec’s existing 31 branches and operations across South Africa, Ghana, Mozambique, Namibia and Zambia will provide a strong basis for Bosch Rexroth to expand its network into Africa which is seen as a key growth area.
For more information contact Willem Gijzelaar, Hytec Holdings, +27 (0)11 979 4630, info@hyhold.co.za, www.hytecgroup.co.za
Further reading:
Engineering solutions to keep coal power plants viable in a renewables-driven grid
News
Steinmüller Africa showcased engineering solutions at Enlit Africa 2026 that let existing coal-fired power stations run efficiently at much lower loads, helping the grid absorb a growing share of variable renewable energy.
Read more...
Trafo Power Solutions returns to Electra Mining Africa
News
Trafo Power Solutions returns to Electra Mining Africa 2026 with a portfolio that has expanded well beyond dry-type transformers into fully engineered electrical power solutions for mining, industrial and infrastructure operations across Africa.
Read more...
SAIMC INSPIRE conference extends abstract submission deadline
SAIMC
SAIMC News
Following requests from our sponsors, the SAIMC INSPIRE conference has officially extended the abstract submission deadline to 28 August 2026.
Read more...
Pomini Tenova and Siemens advance roll grinder technology
Siemens South Africa
News
Pomini Tenova and Siemens strengthen their long-standing partnership to support the revamping and modernisation of roll grinders with advanced CNC and automation technology.
Read more...
Behind the scenes technologies enabling the future of mobility
News
Henkel explains how advanced adhesives, thermal interface materials and sealing technologies are enabling the next generation of electric vehicles, and what this means for South Africa’s automotive sector.
Read more...
Professor Glenda Gray inducted as Fellow of Royal Society
News
NRF board member, Professor Glenda Gray has been inducted as a Fellow of the UK’s Royal Society, the world’s oldest and one of its most prestigious academies of sciences.
Read more...
African Group Lubricants launches Mobil Give a Drop campaign
News
African Group Lubricants launches the Mobil Give a Drop campaign, a national initiative supporting community-led projects across South Africa.
Read more...
Why representation in STEM is crucial
News
Women’s underrepresentation in STEM is a business risk as much as a social one, shrinking an already pressured talent pool. Intentional mentorship and visible leadership pathways are structural necessities, not HR gestures.
Read more...
Corrosion control is the overlooked link in the global energy supply chain
News
Effective corrosion protection at every stage of the energy supply chain, from raw material fabrication to final installation, is essential to avoid costly rework and component failures on large-scale projects worldwide.
Read more...
Women shaping engineering at ABB
ABB South Africa
News
Two ABB engineers share how curiosity, mentorship and an inclusive culture have shaped their careers, and what they see as the most exciting opportunities for women in engineering across Africa.
Read more...
printer friendly version