Following approval from the Competitions Commission, RAD/Phambili Interface (Pty) Ltd has been acquired by Bidvest Electrical (Voltex (Pty) Ltd), and will operate as such from 1 September 2014. Voltex (Pty) Ltd is a proudly Bidvest company and a wholly-owned subsidiary of The Bidvest Group Limited a company listed on the Johannesburg Stock Exchange (JSE).
Phambili Interface (Pty) Ltd is the exclusive distributor in Sub Sahara Africa for Weidmüller, Pfannenberg, Bocchiotti, Interflex, Alfra and Shrinktek. The acquisition has the full support from these much valued international suppliers and all agreements will therefore remain in place. The Phambili Interface trading name will continue in all respects and the business will operate as a specialized division of Voltex (Pty) Ltd. All existing management and staff will be retained in their current positions. “We are delighted with this synergistic acquisition for Bidvest Electrical as Phambili Interface (Pty) Ltd is a dynamic and impressive performer, with historically strong foundations that offer tremendous opportunities for creating continuing growth in the niche sector it which it operates”, said Stanley Green CEO of Voltex (Pty) Ltd.
Phambili Interface (Pty) Ltd was created in 2006 as the trading company for RAD Interface (Pty) Ltd, which was established in 2000, following the management buyout of the subsidiary Weidmüller (Pty) Ltd South Africa, originally incorporated by Weidmüller Germany in 1970.
Derrick Mulligan the current Managing Director of RAD / Phambili Interface (Pty) Ltd stated, “Since the MBO in 2000 the company has had exponential growth and the next logical step to continue this growth in the South African and African market was to seek a suitably strong corporate partner with deep roots and experience in our industry to acquire the business”.
The agencies represented by Phambili Interface (Pty) Ltd have exceptionally strong brand identities 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 loyal and new customers in the region.