JSE-Listed technology firm EOH acquires Mehleketo Resourcing, a turn-key rail automation and technology solutions. By Staff Writer
The software and computer services firm didn’t disclose the amount it paid to but Mehleketo Resourcing.
Mehleketo has a turnover of over R300 million, technology partnerships with the major international rail automation technology OEMs and about 350 employees.
They are the leading rail signaling and communications engineering and systems integration solutions provider in South Africa and have a number of long-term project and maintenance & support contracts with the major operators in the country.
“It’s very exciting to have Mehleketo join the EOH family. They will take us to new places and markets which are strategic to EOH’s growth plans”, says EOH Group Chief Executive Officer, Asher Bohbot.
“The culture of Mehleketo fits well with that of EOH – this is fundamental for successfully leveraging our core strengths. Our Industrial Technology division, of which rail technology is part, is a major component of our growth strategy. This division’s services, which are critical for the infrastructure development required in South Africa and on the rest of Africa, include services and solutions in energy, water, connectivity and transport / rail”.