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TORRE INDUSTRIES LIMITED - Voluntary announcement in respect of the acquisition of Transformer Chemistry Services

Release Date: 24/04/2017 10:00
Code(s): TOR     PDF:  
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Voluntary announcement in respect of the acquisition of Transformer Chemistry Services

TORRE INDUSTRIES LIMITED
Incorporated in the Republic of South Africa
(Registration number 2012/144604/06)
Share code: TOR
ISIN: ZAE000188629
(“Torre”)

Voluntary announcement in respect of the acquisition of Transformer Chemistry Services

Torre is pleased to inform shareholders that with effect from 1 April 2017, it has concluded an
agreement, via its WearCheck business unit, to acquire 100% of Transformer Chemistry Services
(“TCS”).

TCS specialises in the analytical testing and diagnostic interpretation of insulating materials used
in high-voltage electrical equipment with independent laboratories located in Durban and Cape
Town. TCS provides the analytical techniques and services for various fluids and computer
software for data acquisition, reporting and control of transformer oil analysis data and requisite
maintenance actions to the global electrical industry.

TCS will form part of and strengthen the existing Johannesburg based transformer analysis
business within WearCheck in Torre’s Analytical Services segment.

The acquisition falls below the categorisation thresholds of the JSE Listings Requirements.


Johannesburg
24 April 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 24/04/2017 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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