Acquisition of RAD/Phambili Interface by Bidvest Electrical
September 2014
News
Following approval from the Competitions Commission, RAD/Phambili Interface has been acquired by Bidvest Electrical (Voltex) and will operate as such from 1 September 2014.
Phambili Interface is the exclusive distributor in sub-Saharan Africa for Weidmuller, Pfannenberg, Bocchiotti, Interflex, Alfra and Shrinktek. With the acquisition, these agreements will remain in place and have the full support of these valued international suppliers.
The Phambili Interface trading name will continue in all respects and the business will operate as a specialised division of Voltex. All existing management and staff will be retained in their current positions. “We are delighted with this niche synergistic acquisition for Bidvest Electrical, as Phambili Interface is a dynamic and impressive performer with historically strong foundations creating meaningful opportunities for continued growth in the areas in which it operates,” said Stanley Green CEO of Voltex.
Left to right: Alex Lockyer (Phambili), Hugh Ward (Voltex), Eric Immermann (Voltex), Derrick Mulligan (Phambili), Rodney Beresford (Phambili), Stanley Green (CEO Voltex) and Bongi Thwala (Voltex).
Phambili Interface was formed in 2006 as the trading company for RAD Interface, which was established in 2000 following the management buyout of the subsidiary Weidmuller South Africa, established by Weidmuller Germany in 1970.
Current managing director Derrick Mulligan stated, ”Since the MBO in 2000 the company has experienced exponential growth and the next logical step was to seek acquisition by a suitably strong corporate partner with deep roots and experience in our industry.
“The agencies Phambili Interface represents all have extremely strong brand identity in the connection and interface market and this acquisition will further enhance the service and supply of existing and new products from these suppliers to our customers in the region.”
For more information contact Derrick Mulligan, Phambili Interface, +27 (0)11 452 1930, [email protected], www.phambili-interface.co.za
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