Financially-embattled State-owned defence industrial group Denel has finally initiated its long-trailed plan to dispose of what it considers to be ‘non-core’ assets. It has published a newspaper notice calling for expressions of interest from companies interested in buying Denel Gear Ratio, a unit of Denel Vehicle Systems. According to its website, Denel Gear Ratio produces power shift transmissions, transfer gearboxes, axles, transaxles, torque converters, traction gears and wheel stations. Its portfolio “ranges from in-house custom-designed and manufactured solutions to standard drive-train options developed in partnership with strategically selected world-class partners”.
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