Hengtong Optic-electric Acquires Aberdare Cables

Hengtong Optic-electric Co., Ltd. declared for wholly owned subsidiary to acquire a 75% stake in Aberdare Cables Proprietary Limited and the 100% stake in Aberdare Holdings Europe BV Limited for CNY 372 million, inking framework agreement with Power Technologies (Pty) Ltd. in Johannesburg on December 2.

Aberdare Cables Proprietary Limited, founded in 1946, is biggest cable maker in South Africa headquartered in Johannesburg, offering customized power solutions to power transmission and distribution, railway, petrochemical, mining, port, airport, wholesale and residential construction. Aberdare Holdings Europe has wholly owned Cables de Comunicaciones Zaragoza, S.L. (CCZSL) and another cable maker in Portugal.

Aberdare Cables is a top cable maker and power solution provider in Africa and Europe , whose R&D and production bases are located in South Africa,Mozambique, Spain and Portugal.

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