B&W to buy lightning protection company for R19,2m

November 24, 2009

JSE-listed instrumentation specialist B&W has entered into an agreement with lightning protection product manufacturer Pontins, wherein B&W's wholly owned subsidiary, Brightwater Trade and Invest 38, would acquire Pontins for a purchase price of R19,2-million.

B&W said in a statement on Tuesday that the acquisition would augment the company's existing electrical contracting business with a complementary niche service.

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