Johannesburg, August 2012: Eqstra Holdings Ltd has announced the acquisition of Air Supreme to its Eqstra Industrial Equipment Division. Air Supreme is a well established South African supplier of air compressors for a variety of industrial sectors.
Chief Executive Officer of Eqstra Industrial Equipment Division, Gary Neubert said “The Eqstra Industrial Equipment Division is growing so rapidly, that I believe that supplementing our core market of forklift equipment services with value added resources is where the acquisition of Air Supreme will play a pivotal role. The compressed air portfolio is a natural companion for our division, and in addition to enhancing our existing product and service offerings, it most certainly will open up new markets and increase our outreach”.
“We are pleased that Air Supreme Founder, Bob Baker, will remain on board as his intimate knowledge of the air compressor sector and hands-on management of the Air Supreme team will ensure a smooth transition takes place. Bob Baker and his team will be working with Denny Reddy, Managing Director of Saficon Industrial Equipment at Eqstra” said Gary.
Bob Baker, Managing Director of Air Supreme shares the enthusiasm of this new partnership with Eqstra and commented “Eqstra Holdings is a well established South African entity with a large global support base and we are proud to join their industrial stable. It will provide us with the greater working capital and infrastructure resources we require, as well as present growth opportunities for a team that is committed to continuing to deliver a service that our reputation has been built on. The excellent backing that Eqstra affords us bodes well for the future for both companies, with one of the main beneficiaries being most certainly our customers. I firmly believe the long term future for these combined businesses will be most productive”.
Air Supreme was established in 1981, and imports and manufactures air compressors for light and heavy industrial applications. The company offers air compressor rentals and repairs and invests substantially in research and development, keeping the company abreast of new technologies and engineering systems. The company also offers customised maintenance contracts as well as technical back-up and training.
Eqstra Industrial Equipment is the largest supplier of forklifts in South Africa with a 35% market share, and has the largest product support infrastructure in the region. Eqstra distributes Toyota Forklifts; BT, Raymond and Flexi Warehousing Equipment; Clarklift; JCB Teletruk ranges as well as industrial power and Hako cleaning equipment, Same Deutz-Fahr agricultural equipment, Terex Mobile Cranes and Konecranes industrial heavy lifting and port equipment. Eqstra Industrial Equipment has also recently acquired 600SA which distributes and manufactures a range of Lifting, loading and waste management equipment.