The business is a manufacturer and supplier of: port handling equipment, bulk material handling equipment, rail wagon rolling stock and general engineering services.
The business has re-engineered, designed, refurbished and manufactured spares for several leading Original Equipment Manufacturers (OEMs).
The proposed transaction will be an asset sale with due consideration given to the possibility to retain certain key individuals in order to fully unlock the intellectual property and goodwill value as is outlined in this prospectus.
Transaction: Sale of assets (Incl property)
Annual Escalation of leases: 4% financier
Property Value: R 29,482,810
Equipment Value: R 25 393 000