Electricitiy + Control February 2015

LIGHT + CURRENT

Expansion opportunities in hydraulics and automation

region’s mining, oil and gas, power and general support industries identified as a key growth market, the joint venture enables each entity to leverage the core offerings of the other to provide superior automation solutions for the region. The closer affiliation with the Bosch Rexroth brand will position the Hytec Group as the recognised service, repair and refurbishment OEM partner of Bosch Rexroth components, such as pumps, cylinders, motors, filters and valves.

The 50 % acquisition of Hytec by Bosch Rexroth offers greater expan- sion opportunities into sub-Saharan Africa’s hydraulics and automa- tion markets. The joint venture came into effect on 1 October 2014, concluding the first phase of agreements signed on 15 May 2014. The Hytec/ Bosch Rexroth merger represents the next step in a re- lationship that began with Hytec’s accreditation as the sole importer of Bosch Rexroth products into SouthAfrica since the 1960s.With the

“This will enhance our service support capabilities for the re- gion’s industrial projects, and allow us to better fulfil the needs of our customers,” explains John Wingrove, chief executive of- ficer, Hytec Holdings. Enquiries:Willem Gijzelaar.Tel. 011 979 4630 or email info@hyhold.co.za Hytec Rexroth Management From left to right: Management team for the Hytec Group/ Bosch Rexroth joint venture: Roland Keller (deputy chief executive officer, Hytec Holdings), John Wingrove (chief executive officer, Hytec Holdings), Dr. Karl Tragl (president Bosch Rexroth), John Dunmow (group finance controller) and Andrew Castle (chief finance officer).

Partnership

In order to pursue substantial growth op- portunities, particularly on larger heating projects inAfrica, unitemp has entered into an agreement to become a wholly owned subsidiary of Thermon , a global leader in the industrial heating market and a channel partner of unitemp for many years. “We are excited about this new devel- opment. We believe that the combined company will enable us to strengthen our product ranges, expand our services and assist us in becoming a stronger partner to our valued customers, distributors and sup- pliers," says Hans Hitzeroth, chief executive officer and member of unitemp. The acquisition will be completed by a newly formed entity calledThermon South Africa, which is currently in the process of being formally registered in South Africa. “Other than a change in company name, we do not foresee any material changes to our business from the way it is conducted today. We anticipate that the brand name unitemp will continue to be utilized for many of the products we sell in South Africa. Our management team and staff will remain in place following the closing of the transaction and we will continue to

The unitemp team would like to thank all clients across sub-Saharan Africa for their continued support during 2014 and we are looking forward to becoming part of the globalThermon operations in 2015. Enquiries: Hans Hitzeroth.Tel. 021 762 8995 or email info@unitemp.com

offer the same product ranges and services going forward.” Through its global network, Thermon provides highly engineered thermal solu- tions, known as heat tracing, for process industries, including energy, chemical pro- cessing and power generation.Thermon's

products provide an external heat source to pipes, vessels and instruments for the purposes of freeze protection, tempera- ture maintenance, environmental moni- toring and surface snow and ice melt- ing.Thermon is head- quartered in San Mar- cos, Texas.Thermon generated annual revenue of USD $277 million in its most recently completed fiscal year and has offices in more than 15 countries around the globe.

Electricity+Control February ‘15

42