IT’S BEEN a busy week for retail tycoon Christo Wiese — first he took a play for diamond mining venture Trans Hex Group and then took a tilt, through the recently formed Stellar Capital Partners (SCP), at a security technology niche.
On Thursday, SCP — which has Wiese as a shareholder of reference — tabled a bid for JSE-listed security technology specialist Amalgamated Electronic Corporation (Amecor) in a R267m deal.
Amecor is a security network technology provider through two subsidiaries, Sabre Radio Networks and FSK Electronics SA. Sabre ranks as the largest security network provider in Southern Africa, while FSK manufactures data networking equipment for use mainly in the security industry.
