enX agrees to sell New Way Power business, manufacturing site to Generac unit GPR for ZAR 220 million

Generac Holdings Inc.

Generac Holdings Inc.

GNRC

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  • enX Group agreed to sell New Way Power’s operating business and a related manufacturing site letting enterprise to Generac-owned GPR South Africa.
  • Purchase price set at ZAR 220 million, with an upward adjustment capped at ZAR 260 million.
  • Consideration split 50% cash, 50% vendor loan; loan accrues at prime rate and matures two years from closing.
  • Deal needs shareholder votes under Companies Act requirements; circular expected around July 29, 2026.
  • Management accounts for six months ended Feb. 28, 2026 show net assets of ZAR 156.7 million for NWP business, ZAR 93.5 million for the letting enterprise.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. enX Group Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S522918), on June 18, 2026, and is solely responsible for the information contained therein.

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