.
MergerLinks Header Logo

New Deal


Announced

Completed

AutoX completed the acquisition of Zimco Group from Ecobat.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Private

Domestic

South Africa

industrial operations

Diversified Industrials

Acquisition

Completed

Single Bidder

Majority

Synopsis

Edit

AutoX, a Southern African automotive lead-acid battery manufacturer and distributor, completed the acquisition of Zimco Group, a company offering lead and industrial operations, from Ecobat, a battery recycling company. Financial terms were not disclosed. "I would like to thank the Zimco Group management and workforce across southern Africa for their service and commitment. This divestment advances Ecobat's strategic initiative to focus on our core business of battery recycling in North America and Europe," Marcus Randolph, Ecobat CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US