Mid-way through the first decade of the new Millennium, the management team of Tisec Management Services, and FSK Electronics seized the opportunity to amalgamate their businesses and seek expansion in the ever growing South African security market. Amalgamated Electronic Corporation Limited, also known as Amecor, was listed on the Johannesburg Stock Exchange shortly after plans to go public had been put in motion. The Group’s core focus comprised the design, manufacture and distribution of electronic security technology, and a security data network offering
In the years preceding Amecor’s initial listing, directors continued to source market opportunities that would lead to further expansion and revenue growth for the Group. 2008 was the beginning of South Africa’s major energy crisis, and the need for alternative sources of power a prominent reality. Directors of Amecor identified a group of Companies dealing in the assembly and distribution of world class power generating equipment, and concluded an agreement to purchase of Power Development Services, Durapower Manufacturing, and Gillespie Diesel Services. With the addition of these three reputable entities, Amecor’s group activities expanded to include the supply and maintenance of turnkey power solutions.
Further product diversification and a broader geographical footprint formed part of Amecor’s 2010 strategy going forward. Directors of Amecor initiated discussions with Secequip, a respected importer and distributor of electronic security equipment, with a security wholesale arm spanning across every major province in the country. In July 2011 a deal was concluded with Secequip shareholders granting Amecor a 79% stake of all assets and intangibles. Growing synergies amongst Amecor subsidiaries has since enabled the Group to benefit from combined product lines, purchasing efficiencies, and integrated product offerings.
With 8 years of growth behind Amecor, Group companies continue to uphold our vision of revolutionising technology through limitless innovation, excellence and growth, in our on-going pursuit of the triple bottom line.