Barloworld pursuing R500m-plus acquisition targets as it seeks to rebuild growth momentum

JSE-listed industrial group Barloworld is eyeing several further acquisitions as it closes in on the purchase of a Caterpillar dealership in Mongolia, the due diligence on which has been completed. CEO Dominic Sewela tells Engineering News Online that the company, which has sold various noncore units in recent months as part of a restructuring exercise, is now shifting its focus to growth prospects, including acquisitive-growth opportunities.