In making the announcement, the CEO of Optron Group, Trevor Venter, said that the deal shows the group’s commitment towards black economic empowerment. “We welcome MIC into the Optron Group and look forward to working closely with them towards the empowerment of previously disadvantaged individuals.”
This is seen as a strategic move by Optron group, which is aligned with its overall long term strategy aimed at creating a shared value that makes positive difference to all its stakeholders.
Mary Bomela, CEO of MIC, said that “MIC is pleased to invest in such a dynamic, growing business, and looks forward to playing an active role in this growth, including continuing Optron’s existing transformation initiatives”
Optron Group represents leading technology solution brands like Trimble (NASDQ: TRMB) throughout the sub-Saharan Africa region. These technology solutions seek to transform the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. The Optron Group supplies, customises and supports software, hardware and services that are transforming a broad range of industries such as agriculture, construction, geospatial and transportation and logistics.
The Mineworkers Investment Company (MIC) is a 100% Black-owned Investment Company established in 1995 by the Mineworkers Investment Trust (MIT) to create a sustainable asset base for the benefit of mine, energy and construction workers and their dependents.