- Business
- enX Group Limited is a diversified industrial group providing branded industrial equipment, petrochemical products, fleet management services and related technical expertise to sectors including mining, construction, manufacturing and logistics primarily in South Africa and sub-Saharan Africa. The company operates through three main segments: enX Equipment, which through New Way Power designs, manufactures, installs, rents and maintains diesel generators from 13kVA to 3750kVA, distributes industrial and marine engines from brands such as John Deere, Moteurs Baudouin and Mitsubishi, and offers renewable energy solutions, solar hybrid power, preventative maintenance, refuelling, remote monitoring and parts supply; enX Fleet, which through Eqstra provides passenger vehicle leasing, fleet management, outsourcing, maintenance, warranty management, vehicle tracking and a Software-as-a-Service platform called Kynite, alongside commercial vehicle fleet solutions and logistics supported by workshops across South Africa, Botswana, Eswatini and Namibia; and enX Petrochemicals, which through African Group Lubricants produces and markets oil lubricants and greases at its Cera blend plant in Boksburg with capacity up to 37 million litres annually, distributes ExxonMobil lubricants (excluding marine and aviation), Quaker Houghton advanced fluids solutions (excluding metalworking), Mobil passenger car, commercial truck, bus, industrial and agricultural ranges, Eclipse Magnetics products, as well as through West African International imports, warehouses and distributes polyolefins, styrenics, synthetic and natural rubber, fillers, engineered carbons, rubber chemicals, phenolic resins, conveyor belting, steel cord and dunnage bags. Founded in 2001 and headquartered in Sandton, South Africa, the company, formerly known as Austro Group Limited until its name change in January 2015, employs around 400 people and lists on the Johannesburg Stock Exchange under ticker ENX.JO. In recent developments, enX in March 2025 entered a Subscription and Options Agreement with Trichem South Africa Proprietary Limited to divest its interest in West African International, the chemicals entity, aligning with a strategy to grow core businesses, unlock value through sale to a global polymer market player and retain debt within the divested group, with the transaction classified as a category 2 deal per JSE Listings Requirements; additionally, in October 2025, enX closed the acquisition of a letting enterprise including immovable property at 30-38 Jacoba Street, Alberton, as a going concern after fulfilling suspensive conditions.