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CFAO SA acquires EIE Group

MATERIAL handling and warehousing equipment supplier, EIE Group in South Africa, will be known as CFAO Equipment, effective 1st April 2022. This follows the recent acquisition of the company from enX Group by CFAO South Africa, a leading provider of integrated mobility solutions across the automotive value chain.

Andrew Velleman, Chief Executive Officer of CFAO South Africa, says that the venture will be beneficial for both companies, extending CFAO South Africa’s market offerings to include the supply of material handling and warehouse equipment from reputable global manufacturers including Toyota Forklift.

“The acquisition of the company by CFAO South Africa is an exciting opportunity to leverage the organization’s extensive industry expertise. To be a part of CFAO South Africa will strengthen our position as the market leader in southern Africa” says Vuyokazi Bangazi, National Sales Manager, EIE Group.

CFAO South Africa, established in 2018, out of operations present in the country since 1920. From the sale of new and used vehicles and trucks, to supply-chain, logistics management, and assembly for the automotive industry, CFAO South Africa delivers a range of integrated mobility solutions across the automotive value chain contributing towards the support, development and growth of the automotive industry in South Africa, and across the rest of Africa. With a revenue of more than R34 Billion, nationwide operations with over 160 sites and more than 6 000 employees, CFAO South Africa is a key player in the South African mobility market.

CFAO Equipment in South Africa, part of a larger CFAO Equipment network of 34 Countries across Africa will add an additional pillar to the CFAO South Africa Group.

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