Ellies Holdings to acquire Bundu Power for R203 million

Ellies Holdings has agreed to buy 100% of Bundu Power, a company specializing in alternative power solutions, for a maximum of R202.6 million. The deal includes companies Magetz Electrical and Power On Wheels.

“Ellies Holdings has agreed to buy 100% of Bundu Power, a company that specialises in alternative power solutions, for a maximum R202.6-million.”techcentral.co.za

• 1 source
• techcentral.co.zaEllies to buy Bundu Power in R203-million dealDuncan McLeodFeb 1, 2023

Summarized from public sources; check the original articles before acting on it.