ICT firm Reunert acquires majority share in two SA tech startups
ICT firm Reunert which is listed on the Johannesburg Stock Exchange (JSE) has acquired majority share interests in two businesses, which it says will augment the group’s strategic focus on innovation and diversification.
The first order of business will see Reunert take a 51% stake in turnkey energy engineering solutions provider Terra Firma Solutions which was founded in 2012 and has installed numerous large rooftop photo-voltaic (solar) energy systems with over 800 sites under remote energy and water management through its in-house developed smart software.
The second order of business is to acquire around 74.9% stake in robotics designer and manufacturer Ryonic Robotics which was founded in 2014 develops state of the art robotic systems for various industries and applications with the unmanned ground vehicle aka UGVs the most recognized product which serves a whole lot of industry players and government sectors.
Reunert said the purchase of Terra Firma positioned it to take advantage of the shift towards renewable energy and independent power production, while it said it views the robotics and automation market as having exciting growth trajectories worldwide.
“These bolt-on acquisitions fit well with Reunert’s growth strategy into new emerging technologies that complement our existing electronics and electrical engineering expertise,” said Reunert chief executive Alan Dickson.
