In consolidating its businessess, South Africa’s OTT Technologies, LMT Products and ADG Mobility has successfully completed a merger, and becoming the OTT Group.
The merger is strategically placed to deliver a broad range of products, and bring about branding and structural changes in future. In 2020, South African armoured vehicle designer and manufacturer OTT acquired LMT, which has been in business rescue since September 2019, following Denel’s loss of control of the company.
LMT designs and manufactures a variety of protected products, ranging from protected cabs for Mercedes Benz to the LM8 and LM13 vehicles. The acquisition of LMT Products is considered a strategic move for OTT Technologies to expand on its own range of proven mine-protected armoured vehicles.
Around July 2020, Denel qaa the majority shareholder of LMT Holdings since it acquired its stake in 2012, with the underlying business with LMT Products. LMT Holdings was 51% owned by Denel, 29% by Pamodzi, and 20% by the founding members, and included LMT Products, LMT Engineering, and LMT Properties.
The trio will henceforth offer a significant number of designs and experience, making the OTT Group one of the largest armoured vehicle manufacturers in South Africa.
ADG Mobility was established in 2017 to focus only on vehicle development and in-country production for international clients, with specific expertise in landmine, ballistic and IED survivability, military off-road mobility, as well as the capability of testing and evaluating its own comprehensive automotive design, development, and prototype capabilities. One of its first projects was the development of the Wahash 8×8 armoured vehicle for the UAE’ Calidus.
