Unique Drilling Machinery and General Engineering


R 30 000 000

Financial Information

Detailed financials available on request

Established twenty years ago, this conventional machine shop and CNC orientated facility has established a niche with a broad range of locally manufactured core drilling machines for the geo-technical industry. The company's core expertise lies in: Exploration drilling and parts - manufacturing of core drilling machines and reconditioning and rebuilding of drill rigs, both locally and internationally. The company does gear-cutting and splining, internal and external grinding, gearbox and pump repair, and light boiler-making. They have their own programming and design center with drawing office, a CNC Machine Center and they do CNC turning. The company operates from their own, built to purpose premises, which is also for sale but not included in the quoted price. The business has an excellent track record of profitably and although severally affected by the slump in the mining industry in 2014, it has seen a growth in revenue and profit in 2015, with prospects for 2016 very positive. As the high cost of exploration in other countries forces major companies to look at opportunities in Africa, the company is ideally positioned to take advantage of these opportunities. The business operates from a purpose built facility valued at R15m and for sale at R 11m. Price excludes VAT, stock and finished product. Please contact the listing broker for more information. Ref: 14516 Timestamp: 20171101054601