Megadyne acquires Challenge Group

4th Quarter 2018 News & events

Megadyne has acquired the Challenge Group with locations in the UK, Ireland, Australia, South Africa and China, and Sprockets & Chains in South Africa.

Headquartered in the UK and active in production and distribution of a wide range of power transmission products across the globe, the Challenge Group was the first foreign company to manufacture and export power transmission products from mainland China. This new partner represents a considerable competitive advantage and opportunity for Megadyne to consolidate its worldwide position into the power transmission sector, and to increase its market share into the various regions where Megadyne and Challenge are involved. Megadyne is continuing its strategic development plan aimed at confirming its leadership in the power transmission and conveying system business and expanding its product range, both through strong organic growth and through geographical and strategic acquisitions.

For more information contact Patrizio Trevisan, Megadyne South Africa, +27 12 661 1652, [email protected], www.megadynegroup.com

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