Aard Mining Equipment (Pty) Ltd

Matasis Investment Holdings, together with Nedbank Capital Private Equity and Management acquired the mining capital equipment business from Boart Longyear in 2008 and rebranded it as “Aard Mining Equipment”. The Aard Mining Equipment business comprises the design, manufacture, sale and support of underground trackless mining equipment. Since its acquisition, Matasis has been actively involved at a strategic and operational level. In 2017, Matasis acquired Nedbank Capital and Management’s stake in Aard Mining Equipment, and took over full operational control of the company, with Mike Adendorff being appointed as CEO. Manne Dipico, Yusuf Vorajee and Jay Pema serve as directors of the Company.

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