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  5. IWC Acquires Tektower

M&A Deal Summary

IWC Acquires Tektower

On July 2, 2014, IWC acquired machinery company Tektower

Acquisition Highlights
  • This is IWC’s 1st transaction in the Machinery sector.
  • This is IWC’s 1st transaction in South Africa.

M&A Deal Summary
Date 2014-07-02
Target Tektower
Sector Machinery
Buyer(s) IWC
Deal Type Add-on Acquisition

Target

Tektower

Spartan, South Africa
Tektower (Pty) Ltd. is a South African cooling tower manufacturer and related services provider.

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Buyer(S) 1

Buyer

IWC

Midrand, South Africa
Category Company
Founded 1986
Sector Machinery
DESCRIPTION

IWC (Pty) Ltd. is a provider of evaporative water cooling and GRP solutions for numerous applications. Compny engages in industrial cooling tower systems in Africa, offering fully integrated solutions, from industrial cooling towers to GRP.

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2014 M&A 1 of 1
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