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B&W buys Pontins to expand contracting business.

Business Day (South Africa)

| November 25, 2009 | COPYRIGHT 2008 Johnnic Communications. (Hide copyright information)Copyright

Byline: Thabang Mokopanele

B& W buys Pontins to expand contracting business THABANG MOKOPANELE Property Editor ELECTRICAL and instrumentation company B& W has acquired earthing and lightning protection company Pontins for R19,2m, which it hopes will augment its existing electrical contracting business with a complementary niche service.

The AltX-listed company said yesterday the acquisition offered numerous operational synergies. The company said the acquisition was expected to open up additional opportunities for the existing business as B& W and Pontins already worked together on similar projects. B& W's involvement was towards the end of a …

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