News Articles

Latest News

Disposal by Powertech of Powertech Battery Group to Trinitas

Released: 3rd July 2017

JSE listed Allied Electronics Corporation Limited (Altron) announced today that its wholly owned subsidiary, Power Technologies Proprietary Limited (Powertech), Powertech,has entered into a binding offer with Trinitas, whereby Powertech Industries Proprietary Limited will dispose of the Powertech Batteries business to Trinitas on terms and conditions more fully set out in the Offer as summarised in the announcement on 1 November 2016.

Shareholders are advised that all conditions precedent have been met and that the transaction has become effective.