Ellies eyes acquisitions in solar and renewable energy
Electronics company changes tack after reporting a loss in its latest financial year, tapping into soaring demand for power
28 September 2022 - 14:09
Ellies is in talks on acquisitions in the alternative energy sector to meet surging local demand for power as consumers battle crippling nationwide blackouts and offset losses from its traditional business.
The electronics group is in negotiations “with third parties with a view to pursuing certain potential acquisitions in the solar, uninterrupted power supply and renewable energy sectors,” it said a cautionary statement to investors on Wednesday. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.