TransCentury Limited ("TransCentury" or "TCL"), through its subsidiary Tanelec Ltd (Tanelec) based in Arusha, Tanzania, has announced the acquisition of a controlling stake in Pende Electrical based in the copper-belt region of Zambia, with operations in Ndola and Kitwe. Pende Electrical, including its wholly owned subsidiary, Transformco Limited, is involved in the following activities: provision of turnkey engineering services to mining sector clients; supply, installation and service of electrical equipment including drives, motors and medium voltage switchgear; supply of power, instrumentation and control cables; and manufacture, repair and service of distribution and power transformers.
TransCentury now has physical presence in seven countries, across East, Central and Southern Africa, including Kenya, Tanzania, Uganda, Rwanda, South Africa, DRC and now Zambia. The acquisition will also provide TCL with a distribution platform into the mining sectors in Zambia and southern DRC.
"The acquisition of Pende Electrical is exciting for Tanelec and for the Power Infrastructure division of TCL", said Mr. Z. G. Mbugua, Chairman of TransCentury. "Pende Electrical is a good example of the significant growth opportunities that we see in Africa's rapidly expanding mining sector."
"Pende Electrical provides Tanelec with the opportunity to more effectively service large mining clients and utilities in the copper-belt region of Zambia as well as the economically important Katanga province of the DRC", said Ian Robertson, CEO of Tanelec Ltd. "Pende Electrical broadens our product and service offering and enables us to extend this product offering to other markets where we are currently strong."
ransformers and switchgears are an essential part of enabling utilities to distribute the energy they generate to their customers.
The utilities’ customers range from domestic consumers to small, medium and large businesses. Without transformers we would not have lights in our homes, or be able to run what are becoming everyday essentials to many people, such as fridges, cookers, TV’s and Computers, the list is endless. They light our streets, deliver power to our hospitals, shops, businesses and industries. Without the availability of power there would be no development, no progress and no economy.