R. STAHL strengthens its global presence with an investment in South Africa. The objective of the investment is the development of the African market, with a focus on the sub-Saharan region. This way, R. STAHL will be able to directly supply those customers that are already active on the African market. In order to realize this new regional approach R. STAHL acquired a 35% interest in the long-standing partner the South-African company ESACO Pty. Ltd. ESACO Pty. Ltd. is an owner-managed company, headquartered in Linbro Park near Sandton/ Johannesburg. The company was founded in 1975 and became a distributor of R. STAHL products right away. Due to the cooperation with R. STAHL, the product portfolio of ESACO has been expanded by establishing an extended workbench for explosion protected electrical equipment. This has allowed ESACO Pty. Ltd. to quickly respond to customers' specifications and to better cater to South African market requirements.
Over the years, R. STAHL has been very successful in winning large projects in Africa, the last one being an offshore project in Angola. Due to the investment, R. STAHL is now present on the African continent as well and can supply customers locally, especially customers located south of the Sahara. With the proximity to the African end customers, continued success will be ensured.
The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
Bernd Marx (CFO)
Carmen Kulle (Investor Relations)
E-Mail: [email protected]
2016-10-21 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
|Company:||R. Stahl AG|
|Am Bahnhof 30|
|Phone:||+49 (7942) 943-0|
|Fax:||+49 (7942) 943-4333|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange|
|End of News||DGAP News Service|