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December 6, 2007

Tellumat buys stake in Denel unit

Tellumat Electronic Manufacturing has bought half of the printed circuit board manufacturing plant from Carl Zeiss Optronics, which is closely linked to SA's armament manufacturing group Denel.

Rasheed Hargey, Tellumat CEO, says the acquisition, called EMCEE for now, will give his company the ability to have a manufacturing presence in Gauteng, as opposed to having it centralised in Cape Town.

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Posted by StaffWriter at December 6, 2007 1:29 PM