enX Group Limited, formerly Austro Group Limited, has been listed in the JSE’s “Industrial Engineering” sector, “Industrial Machinery” sub-sector since 2007. Austro’s name originated from the woodworking machinery business, Austro Proprietary Limited, its sole asset at the time of listing in 2007.
The group subsequently acquired the power businesses and has recently acquired an oil lubricant business which represents Mobil and ENI in sub-Saharan Africa. Following these major changes in the composition of the group, the board elected to change the name of the group to better reflect the group’s new composition and the direction in which it is heading.
The name enX is an acronym for Energy Exchange and it highlights the board’s intention to refocus enX as an energy and industrial supplies company servicing sub-Saharan Africa.
enX is a diversified industrial group that provides quality branded industrial, petrochemical, and fleet management and logistics products and services.