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Reunert is a leading South African company, listed
on the JSE in the industrial goods and services
(electronic and electrical equipment) sector. Reunert
manages a number of businesses focused on electrical
engineering, office systems and services and defence
electronics. The group regularly ranks among the
country’s top companies.
Established in 1888 by pioneers Theodore Reunert
and Otto Lenz, the group has played a major role
in the South African economy for more than a century.
Reunert & Lenz was first listed in 1948 in the
engineering sector of the JSE. In 1980 the company
was acquired by Barlows and listed in the electronics
sector three years later. Reunert was unbundled from
Barlows in 1993 and completed a major restructuring
in the late 1990s when various non-core or unprofitable
businesses were sold or closed.
Reunert strives to achieve first or second position
in its key markets through its brands CBI-electric,
Nashua and Reutech. The group’s telecommunication
interest is through a 40% stake in NSN and recently
has acquired 100% of SEC.
Reunert promotes a decentralised management style.
While operating decisions are made by the business
units, the Reunert executive team defines and monitors
long-term strategic plans and investment decisions.
Significant capital allocation is approved by the
Reunert board.
Reunert’s revenue in 2009 from local and international
markets exceeded R10,3 billion. The group has over
6 000 employees, including many highly qualified
and experienced engineers, technicians, research
and development professionals and field support staff. |
