Ellies Holdings

Last updated
The Ellies logo Ellies logo.png
The Ellies logo

Ellies Holdings Ltd was a diversified electronics company in South Africa, Ellies Electronics was founded in 1979 by Elliot Salkow, who died in 2021. [1] He initially operated from his garage and sold aerials from the boot of his car. The business was liquidated in 2024. [2] It was listed on the Main Board of the JSE, in the Electronic and Electrical Equipment Sector.

The company was a distributor of TV aerials and installation equipment,[ citation needed ] as well as a manufacturer of industrial audio electronic and electrical equipment under the 'Ellies' brands[ citation needed ] and satellite and associated equipment under the 'ElSat' brand.[ citation needed ] Through Megatron Federal, Ellies was involved in power infrastructure (generation, transmission and distribution).[ citation needed ] The company also entered the renewable energy and internet connectivity markets via satellite sectors through joint ventures with In-toto Technology Investments[ citation needed ] and Q-KON[ citation needed ] respectively.

Business rescue and liquidation

At the end of January 2024, the more than four-decade-old electronics group said it intended to enter business rescue amid the collapse of a crucial acquisition. [3]

On 10 April 2024, its business rescue practitioner announced that there are no reasonable prospects of saving the business and that an application for a liquidation order will be made to the court. [2] The business rescue practitioner later clarified that the company's main operating subsidiary, Ellies Electronics, will continue to trade, as was on track to publish a proposed business rescue plan by 10 May 2024. [4]

Related Research Articles

The General Electric Company (GEC) was a major British industrial conglomerate involved in consumer and defence electronics, communications, and engineering.

The Plessey Company plc was a British electronics, defence and telecommunications company. It originated in 1917, growing and diversifying into electronics. It expanded after World War II by acquisition of companies and formed overseas companies.

<span class="mw-page-title-main">Kenwood Corporation</span> Japanese electronics company

Kenwood is a Japanese brand of consumer electronics. It has been owned by JVCKenwood since October 2011, when Kenwood Corporation merged with JVC. Kenwood manufactures audio equipment such as AM/FM stereo receivers, cassette tape decks/recorders, amateur radio (ham) equipment, radios, cellular phones, speakers, and other consumer electronics.

Dick Smith Electronics Holdings Limited was an Australian chain of retail stores that sold consumer electronics goods, hobbyist electronic components, and electronic project kits. The chain expanded successfully into New Zealand and unsuccessfully into several other countries. The company was founded in Sydney in 1968 by Dick Smith and owned by him and his wife until they sold 60% to Woolworths in 1980, and the remaining 40% two years later.

Comair Limited was an airline based in South Africa that operated scheduled services on domestic routes as a British Airways franchisee. It also operated as a low-cost carrier under its own kulula.com brand. Its main base was OR Tambo International Airport, Johannesburg, while focus cities were Cape Town, flying from Cape Town International Airport and Durban, King Shaka International Airport. Its headquarters were near OR Tambo in the Bonaero Park area of Kempton Park, Ekurhuleni, Gauteng.

<span class="mw-page-title-main">Grundig</span> Turkish consumer electronics manufacturer

Grundig is a consumer electronics manufacturer owned by Arçelik A.Ş., the white goods manufacturer of Turkish conglomerate Koç Holding. The company makes domestic appliances and personal-care products.

Gould Electronics Inc. was a manufacturer of electronics and batteries that branched into other fields before being partially absorbed in 1988 by Nippon Mining and closed by them in 2014.

Harvey Norman is an Australian multinational retailer of furniture, bedding, computers, communications and consumer electrical products. It mainly operates as a franchise, with the main brand and all company-operated stores owned by ASX-listed Harvey Norman Holdings Limited. As of 2022, there are 304 company-owned and franchised stores in Australia, New Zealand, Europe and South-East Asia operating under the Harvey Norman, Domayne and Joyce Mayne brands in Australia, and under the Harvey Norman brand overseas.

Hisense Group is a Chinese multinational major appliance and electronics manufacturer headquartered in Qingdao, Shandong Province, China. Televisions are the main products of Hisense, and it is the largest TV manufacturer in China by market share since 2004. Hisense is also an OEM, so some of its products are sold to other companies and carry brand names not related to Hisense.

<span class="mw-page-title-main">Electronics industry</span> Industry that focuses in the electronics production

The electronics industry is the economic sector that produces electronic devices. It emerged in the 20th century and is today one of the largest global industries. Contemporary society uses a vast array of electronic devices that are built in factories operated by the industry, which are almost always partially automated.

<span class="mw-page-title-main">Maplin (retailer)</span> British electronics retailer

Maplin Electronics is the trading name of an online retailer of electronic goods in the United Kingdom and Ireland launched in 2019, using the brand of the former company Maplin Electronics Limited, which operated from 1972 to 2018.

Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.

<span class="mw-page-title-main">Telecommunications engineering</span> Subfield of electronics engineering

Telecommunications engineering is a subfield of electronics engineering which seeks to design and devise systems of communication at a distance. The work ranges from basic circuit design to strategic mass developments. A telecommunication engineer is responsible for designing and overseeing the installation of telecommunications equipment and facilities, such as complex electronic switching system, and other plain old telephone service facilities, optical fiber cabling, IP networks, and microwave transmission systems. Telecommunications engineering also overlaps with broadcast engineering.

Grupo Carso is a Mexican global conglomerate company owned by Carlos Slim. It was formed in 1990 after the merger of Corporación Industrial Carso and Grupo Inbursa. The name Carso stands for Carlos Slim and Soumaya Domit de Slim, his wife.

Electronics Corporation of India Limited is a Public Sector Enterprise under the Department of Atomic Energy, established on 11 April 1967 by A. S. Rao at Hyderabad, under the Prime Ministership of Smt Indira Gandhi, to create a strong indigenous base in electronics. ECIL is a multi-product, multi disciplinary organisation with focus on indigenous nuclear energy, space and defence sectors. ECIL also has a strong presence in indigenous electronic security, communications, networking and e-governance domains. ECIL has committed partnerships with nuclear energy establishments of India, particularly Bhabha Atomic Research Center (BARC), Nuclear Power Corporation of India Limited (NPCIL) and Indira Gandhi Centre for Atomic Research (IGCAR). ECIL also actively supports other strategic sectors such as indigenous Defence, Space, Civil Aviation, Information and Broadcasting, Telecommunications, Insurance, Banking, Police and Para-military Forces, Oil and Gas, Power, Space Education, Health, Agriculture, Steel and Coal.

<span class="mw-page-title-main">RS Group plc</span> British-based distributor of industrial and electronics products

RS Group plc is a distributor of industrial and electrical products based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Arabtec Holding PJSC</span> United Arab Emirates construction group

Arabtec Holding PJSC, Dubai's most heavily traded and largest construction group in GCC together with its subsidiaries, provided construction services for residential, commercial, oil and gas, infrastructure, power, facilities management, and property development sectors in the United Arab Emirates and internationally. It operated through Construction; Mechanical, Electrical and Plumbing; Oil & Gas, Infrastructure and Power; and other segments. The company was involved in the construction of high-rise towers, buildings, and residential villas, as well as drainage, electrical, mechanical, and plumbing contracting, and civil and infrastructure construction works. It also engaged in real estate investment, development, leasing, and management activities. In addition, the company manufactured precast panels and steel structures, as well as ready-mixed concrete

The electronics industry in Bangladesh is one of the fastest-growing industries in the country with great potential. Popular Bangladeshi electronics brands include Walton Electronics, Singer Bangladesh, Jamuna Electronics, Vision Electronics. Local companies such as Fair Group, Butterfly Group, Electra, Rangs Group, Electro Mart, and Transcom Group manufacture and assembles Electronics Home Appliances in collaboration with foreign brands such as Samsung, Whirlpool, LG, Sony, Gree, Konka, and Sharp.

Romano Volta is an Italian businessman who is the executive chairman and founder of Datalogic, an Italian company manufacturing barcode readers, mobile computers, radio-frequency identification, sensors for detection, and other electronic equipment.

<span class="mw-page-title-main">Elliot Salkow</span> South African businessman (1953–2021)

Elliot "Ellie" Salkow (1953–2021) was a South African entrepreneur and founder of Ellies Holdings. Salkow was named among the top 10 wealthiest South Africans in the technology sector by the Sunday Times in 2013.

References

  1. Staff Writer (2024-07-15). "End of the road for Ellies". TechCentral. Retrieved 2024-07-16.
  2. 1 2 Karl Gernetzky (10 April 2024). "Electronics group Ellies headed for liquidation". News24. Retrieved 11 April 2024.
  3. Nick Wilson (31 January 2024). "Ellies to enter business rescue amid collapse of Bundu Power bid". News24. Retrieved 11 April 2024.
  4. Jan Vermeulen (11 April 2024). "Ellies Holdings is dead, long live Ellies Electronics". MyBroadband. Retrieved 11 April 2024.