South Africa: Kogae Rainbow buys high-security access company
Kogae Rainbow Investment Holdings has acquired a 65% equity shareholding in Boomgate.
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South Africa’s Kogae Rainbow Investment Holdings has acquired a 65% equity shareholding in Boomgate, a local company specialising in the manufacturing of high-security access solutions. The acquisition includes both Boomgate Systems and Boomgate International.
Thabile Wonci, chief executive officer of Kogae Rainbow, said: “This strategic investment is poised to accelerate Boomgate's growth, expand its international footprint and solidify its position as a market leader in high-security access solutions. While Boomgate has been exporting its products for years, this partnership is designed to provide the resources and expertise needed for a more robust global expansion, particularly across the African continent.”
Boomgate founder Andre Rossouw will continue in his role as managing director.
The company is known for engineering custom solutions rather than simply selling off-the-shelf products. This specialised approach has enabled it to secure high-risk sites, including banks, prisons, presidential residences and data centres.
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