Investec Private Equity, the major shareholder in MB Technologies, has purchased the 55% stake previously held by Royal Bafokeng Holdings with effect from 31 December 2013.
The shares have been purchased on a warehousing basis and MB Technologies and its shareholder are currently in negotiations with a new BEE partner that will bring additional expertise and value to the group.
MB Technologies is currently driving a growth strategy in its supply chain services arm, which includes Tarsus Technologies and ACT in addition to its specialised services offering of Printacom, GAAP, Channel Capital and Channel Risk Management. All these businesses are set to benefit from the growth and development aspirations of the potential BEE partner.
