Competition Commission approves disposal of Powertech Systems Integrators to EOH

JSE-listed Allied Electronics (Altron) today announced that the Competition Commission has approved the disposal of Powertech System Integrators (PTSI), to EOH Industrial Technologies.

The disposal of PTSI is part of the implementation of Altron's business strategy to focus on its information technology and telecommunications business and exit its non-core operations.

PTSI, part of Altron's Power Technologies Group (Powertech), is a systems engineering business which operates predominantly in the power and energy sectors with customers that include power utilities and large power users in South Africa and Sub-Saharan Africa. Its engineering solutions include secondary plant for substation automation, network planning and control software, mobile workforce and asset management systems, and systems for advanced and smart metering infrastructure.