Medu I

Medu I is fully invested in a number of companies.

Zest Electric Motors

Date of investment: June 2004

Shareholding
Medu I 26%
Management 74%
Date of investment realisation February 2010

Business description

  • A Johannesburg-based business that commenced operations in 1980
  • The exclusive distributor of WEG electric motors and drives
  • Has a dominant market share in the industrial low voltage electric motor market
  • Enjoys a very successful and profitable business relationship with WEG that was established over the last 24 years
  • Medu exited the investment in February 2010