Communication on Reunert’s recent acquisitions
Monday, 26 August 2019
Reunert hereby wishes to inform you of our two recent acquisitions: OcculusIP and Blue Nova.
We acquired 100% of OcculusIP, a last mile broadband connectivity solutions provider effective 1 June 2019. OcculusIP will be integrated into SkyWire (see www.skywire.co.za ) as part of the ICT Segment, which includes Nashua, Quince and ECN. In line with our growth strategy, this complementary bolt-on acquisition expands our own national wireless broadband connectivity solutions provider. Skywire will continue to increase its geographic footprint by leveraging Nashua and ECN’s distribution channels and customers to further position Nashua as a Total Workspace Provider.
Reunert, through the Applied Electronics Segment (Reutech) bought a controlling stake in BlueNova (see https://bluenova.co.za) at the end of July 2019. BlueNova complements Reunert’s expansion into the renewables energy sector as a developer and manufacturer of energy storage solutions in Southern Africa. This purchase will grow Reunert’s renewable energy footprint in the industrial and commercial sector.
Kindly contact Karen Smith (email@example.com or 011 517 9033) should you have any queries.
We trust that you will consider our proactive growth strategy favourably.
Reunert Group CEO
List of Top 20 shareholders
- Public Investment Corporation
- Old Mutual South Africa
- Morgan Stanley
- The Vanguard Group
- Highclere International Investors
- LSV Asset Management
- Fidelity Management and Research Company
- Oasis Management
- Black Rock
- State Street Global Investors
- Robeco Institutional Asset Management
- Allan Gray
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- Stanlib Asset Management
- Abax Investment
- Old Mutual Namibia