FUCHS expands African footprint through acquisitions and JV control
- FUCHS will acquire 100% ownership of its former joint venture operations in Zimbabwe, Zambia and Mozambique.
- The company has taken a controlling share in a new Kenyan joint venture and increased its stake to a controlling position in its Tanzanian joint venture.
- The transactions are expected to be completed early in 2027.
- The companies involved employ around 170 people and currently generate sales of approximately EUR 50 million per year.
Transaction scope
FUCHS has signed agreements to acquire 100% ownership of its former joint venture operations in Zimbabwe, Zambia and Mozambique. The company has also established a controlling share in a new joint venture in Kenya and increased its shareholding to a controlling stake in its existing Tanzanian joint venture.
Strategic rationale
FUCHS says these investments build upon its manufacturing and commercial platform in South Africa, which serves as a regional hub for production, technical expertise and customer support across Sub‑Saharan Africa. The expanded footprint is intended to bring the company closer to customers, enable faster responses to local market needs and leverage global technology leadership to support industrial growth.
Market context and scale
The company notes Africa as a significant long‑term growth opportunity driven by urbanization, industrial development, infrastructure investment, expanding mining activity, growing manufacturing sectors and rising vehicle ownership. The entities involved employ around 170 people and currently generate approximately EUR 50 million in annual sales. The transactions are expected to be completed early in 2027.
Source: Fuchs SE