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Barloworld Handling and BayWa are forming a joint venture, BHBW Holdings, to distribute Hyster and Utilev forklifts and agricultural equipment in Southern Africa. The transaction is expected to be completed by the end of Q1 2017, pending Competition Commission approval.
“The transaction regarding the joint venture (JV) between Barloworld Handling South Africa’s local materials handling and agriculture business and German agricultural trading, building materials and energy specialist BayWa is set for completion by the end of the first quarter this year.”engineeringnews.co.za
Summarized from public sources; check the original articles before acting on it.