Bidvest Group

Bidvest Group is a South African holding company headquartered in Johannesburg, which is active in the field of trade and services in South Africa, Europe, Asia, Australia and New Zealand.

History

Bidvest is founded in 1988 as an investment company, the same year carried out the first investments in Chipkins (catering ) and shortly thereafter Seaworld ( frozen food), which are summarized below Bidfood. 1991 comes with the acquisition of Steiner Services ( Hygiene ) to a new business. 1993 is explained by the acquisition of Safcor Freight range of freight ( Bidfreight ). In 1995, the first investment is made abroad - Bidvest acquires 50.1 % of the Australian company Manettas. 1997 Bidvest is included in the JSE Industrial Index. The Australian subsidiary Bidvest plc is brought 1998 in Australia on the stock market. 1999 is done with the acquisition of British firm Booker Foodservice (now 3663 First for Foodservice ) the step to Europe. 2006 Bidvest concerned about the consortium GVK Group at the Mumbai airport. 2012 will be published with the purchase of Deli Meals in Chile 's first investment in South America.

Portfolio

Bidvest holds (as of July 2008) its holdings over eight companies:

  • Bidfreight comprises several independent companies in the logistics sector, who are all active in Africa. These include port services and the operation of bearings.
  • Bidserv includes a variety of companies in the service sector, including, but not cleaning, services for airports, travel agencies and the Bidvest Bank
  • Bidvest Europe contains foodservice companies in the United Kingdom, the Netherlands, Belgium and the UAE
  • Bidvest Asia Pacific is the holding company for Bidvest Australia, Bidvest New Zealand, Angliss Singapore and Angliss Hong Kong and China - these companies are in the food service works
  • Bidfood contains several South African companies that are engaged in the production and distribution of foods, including Chipkins - Bidvests first investment.
  • Bid Industrial and Commercial Products includes companies that have worked for the industry in the production and / or sales of different products, including industrial sewing machines (Eastman Staples ), office furniture (CN Business Furniture ) and electrical appliances ( Voltex Electrical)
  • Bidpaper Plus consists essentially of the company Lithotech, which operates in the pressure range
  • Bid Auto is the parent company of McCarthy Motor Holdings - claims to be South Africa's largest car retailer with 130 branches.

With a turnover of 16 billion rand (just under 30 % of total sales ) in the first half of 2008, is Europe 's largest Bidvest Group company, followed by Bidfreight 11 billion rand and bid car with 10 billion rand.

Total sales of 95.9 billion rand (about 9.6 billion euros ) and a profit before tax of 3.8 billion rand was achieved in 2007. Sales grew significantly compared to 2006, where 77.4 billion Rand has been made in.

Bidvest sees itself as a financial holding company, which means there is no interference with the operations of the subsidiaries. More acquisitions are made ​​in particular in the food service sector.

Share

The share of the Bidvest Group is listed on the Johannesburg Stock Exchange. More than half of the shares are owned by institutional investors ( insurance companies and pension funds), the largest shareholder is the State Public Investment Corporation.

Others

Bidvest is the eponymous sponsor of the Johannesburg Premiership football club Bidvest Wits (originally Wits University FC ), the (formerly Milpark Stadium ) plays its home games at the Bidvest Stadium.

Types of business entity Bidvest Wits F.C.
123343
de