EIE Group becomes CFAO Equipment

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Effective 1 April 2022, the EIE Group in South Africa will be known as CFAO Equipment. This follows the 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, CEO of CFAO South Africa, says the venture will be beneficial for both companies, extending CFAO South Africa’s market offerings to include the supply of materials handling and warehouse equipment from reputable global manufacturers that include Toyota Forklift.

“The acquisition is an exciting opportunity to leverage the organisation’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 Equipment in South Africa now forms part of a larger CFAO Equipment network of 34 countries across Africa. Until now, CFAO South Africa has been operating through: • CFAO Motors South Africa: one of the most comprehensive automotive dealer networks of multibrand dealerships in the country. • Toyota Tsusho Africa: a trading and supply chain management specialist company that delivers a range of value-adding solutions for the South

African automotive manufacturing industry. • Africa Mobility Solutions: the official channel responsible for the export and import of vehicles and parts in Africa, particularly Toyota, Hino and Suzuki.

“I am proud that we are integrating the network and expertise of such a reputable industrial equipment supplier into our business. We welcome to

CFAO South Africa a workforce of more than 1 200 highly skilled members who share the same priority: to provide value to our customers and their operations,” says Velleman.

“The evolution of the company to form CFAO Equipment will have no operational impact on our loyal customers. We will continue to provide the world-class products and services to the materials handling and warehousing industry that we have become synonymous with. CFAO South Africa remains committed to transformation and is planning a new BBBEE transaction for

CFAO Equipment to retain the current transformation rating,” he continues.

“We look forward to this next step in the progression of our business and believe that this is only the beginning of a mutually rewarding relationship that will result in new levels of success,” Velleman concludes.