The long-anticipated sale of Drive Control Corporation has gone through.
As at 1 October 2023, Drive Control Corporation has been acquired and transferred to DCC Technologies (Pty) Ltd as a going concern.
DCC founder Neil Rex has stepped back from the CEO role, which is taken up Carlos Ferriera.
Rex will, however, remain with the business in a consultancy role to ensure a smooth handover to the new management.
The business is not expected to be impacted by the acquisition, and operations will continue as normal.