AT THE END OF NOVEMBER 2013, our business was acquired by Keller Holdings, who are the world’s largest, independent geotechnical contractors, with unrivalled coverage in Europe, United States and Australia and a growing presence in the Middle East, Asia and Africa.
Keller was founded in Germany in 1860 and currently has approximately 9 000 employees worldwide. They are listed on the London Stock Exchange and have annual revenues of around £1.5 billion (R27.0 billion).
Being part of such a prestigious organisation has obvious benefits for Franki Africa, including access to a wide range of innovative technologies, finance for future growth and, of course, a wealth of geotechnical intellectual property and experience.
On the other hand, Franki Africa bring to the Keller Group, its vast experience of working in Africa which will help to accelerate Keller’s growth into sub-Saharan construction markets.
Justin Atkinson, Chief Executive of Keller, is very optimistic about the acquisition, saying, “The combination of Franki Africa’s local knowledge and resources with Keller’s scale, experience and broad range of techniques, will make us ideally placed to undertake complex major projects requiring design expertise and multi-product solutions in a region where we expect the longer-term opportunities to be significant”.