# RMB Ventures acquires 45% stake in Mafika Engineering

RMB Ventures acquired a 45% equity stake in Mafika Engineering, a rebuilder of high-horsepower diesel engines for the mining industry. The investment aims to help Mafika expand its operations.

- Type: Acquisition
- Announced: 2023-07-21
- Where: Germiston, Gauteng, South Africa
- Status: announced
- Products: rebuilt high-horsepower diesel engines
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [RMB Ventures](https://endata.com/companies/24455.md) (acquirer)
- [Mafika Engineering](https://endata.com/companies/70271.md) (target)

## Sources

- [dailymaverick.co.za](https://www.dailymaverick.co.za/article/2023-07-21-rmb-ventures-empowers-mafika-engineering-to-achieve-its-full-potential-in-the-mining-industry/), 2023-07-21: "RMB Ventures has acquired a 45% stake in Mafika Engineering, a world-leading independent rebuilder of high-horsepower (HHP) diesel engines for the mining industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.