ELB GROUP LIMITED - Implementation of the acquisition by ELB Group Limited of B&W Instrumentation and Electrical Limited

Implementation of the acquisition by ELB Group Limited of B&W Instrumentation and Electrical Limited

ELB GROUP LIMITED 
Incorporated in the Republic of South Africa 
(Registration number 1930/002553/06) 
Share code: ELR   ISIN: ZAE000035101 
(“ELB Group”) 
 
Implementation of the acquisition by ELB Group Limited of B&W Instrumentation and Electrical 
Limited 

ELB Group Limited (“ELB Group”) is pleased to announce that the Scheme of Arrangement in terms 
of the Companies Act 71 of 2008 (“Scheme”) it entered into in December 2013 to acquire the entire 
issued ordinary share capital of B&W Instrumentation and Electrical Limited (“B&W”) has been 
completed. 

The operative date of the Scheme is 22 April 2014 and ELB Group has issued and been granted a 
listing by the JSE in respect of 1 964 527 ordinary shares as consideration for the acquisition of B&W. 

ELB Group is a holistic engineering solutions provider to the mining, minerals, power, port, 
construction and industrial sectors in the field of materials handling and appropriate modular plants. 
This is achieved through ELB Group’s generated innovation, in-house capability and the supply, with 
world class partners, of equipment and technology.  The Group operates predominantly in Africa 
and Australasia and continues to seek strategies to not only increase its service ability to the market 
and its clients but continues to de-risk its contracting business, and hence the acquisition is strongly 
aligned to the strategic direction of ELB Group.  

B&W, one of South Africa’s leading electrical and instrumentation (E&I) construction groups, was 
listed on the AltX of the JSE Limited in June 2007 and has a well-established track record of 
successful delivery in the E&I industry since its inception in 1973.  It has a wide footprint throughout 
South Africa and across sub-Saharan Africa, with its head office based in Alberton, Gauteng.  

Servicing similar industries, the acquisition will create improved efficiencies and long term 
sustainability for the combined group of companies.  In addition, synergies exist that can and will be 
leveraged.  B&W joins ELB Group with a sound order book and will take advantage of project 
opportunities derived from both ELB Group and the market going forward. 

There is a good cultural fit between the two organisations and the acquisition offers B&W the 
opportunity to be part of a larger group and to bring to ELB Group the many years’ of B&W 
management experience, which will ultimately benefit the current and future customers that both 
organisations serve.  ELB Group welcomes the management and staff of B&W and looks forward to 
an exciting future together. 

Boksburg 
22 April 2014 
 
Sponsor  
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 

Date: 22/04/2014 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.