enX Group
enX Group is a South African JSE-listed industrial group now focused on power solutions through New Way Power, designing, manufacturing, and servicing diesel generators (13kVA–3750kVA) and renewable hybrids for mining, construction, industrial, and telecom customers across South Africa and sub-Saharan Africa.
- Company typePublic
- Founded2007
- HeadquartersJohannesburg, South Africa
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What enX Group does
enX Group Limited (JSE: ENX) is a South African publicly listed industrial group headquartered in Sandton, Johannesburg, that designs, manufactures, distributes, and services industrial equipment primarily through its New Way Power subsidiary. Following a multi-year divestiture programme that exited fleet management (Eqstra, 2024), lubricants (Centlube/Ingwe/Zestcor, 2025), and chemicals (West African International, 2026), the group now concentrates on power solutions, with New Way Power offering diesel generators from 13kVA to 3750kVA, solar hybrid and grid-alternative systems, 24/7 preventative maintenance, remote monitoring, refuelling, and equipment rentals from a 36,000 sqm manufacturing facility in Alberton, Johannesburg, supplemented by sales and support centres in Durban and Cape Town. The group monetises through one-time equipment sales, recurring rentals, subscription-like maintenance contracts, and bespoke turnkey installations, targeting heavy industrial, mining, construction, telecommunications, wholesale, retail, and manufacturing customers across South Africa and sub-Saharan Africa. Long-standing OEM partnerships with Baudouin, John Deere, and Mitsubishi underpin the product offering, while historical ExxonMobil and Caterpillar relationships previously supported the divested lubricants and chemicals segments.
enX Group firmographics
Firmographics- Name
- enX Group
- Legal name
- enX Group Limited
- Website
- https://enxgroup.co.za
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- enX Group is a South African JSE-listed industrial group now focused on power solutions through New Way Power, designing, manufacturing, and servicing diesel generators (13kVA–3750kVA) and renewable hybrids for mining, construction, industrial, and telecom customers across South Africa and sub-Saharan Africa.
- Ownership category
- akta.pro rank
enX Group industry classification
Industry- Product category
- Industrial Power Generation Equipment
- NAICS
- Motor and Generator Manufacturing (335312), Other Engine Equipment Manufacturing (333618), Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Motors & Generators (3621), Engines & Turbines (3510), Industrial Instruments For Measurement, Display, And Control (3823), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Engine Generator & Microgrid Power Plant EPC (Diesel/Gas Recip) (EUAEAAAJ)
- akta.pro secondary industries
- Emergency & Standby Diesel Generator Power (Critical Facilities) (EUACACAH), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), Energy Storage Components for Renewables Manufacturing (BESS Packs, PCS, Thermal Management) (EUAMAHAI)
Keywords
Where enX Group is headquartered
LocationHeadquarters
- HQ city
- Johannesburg
- HQ country
- South Africa
- HQ region
- Africa
Offices7 records
Markets served
enX Group business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Equipment Sales: Sale of branded industrial equipment including generators from 13kVA to 3750kVA, industrial engines, and related components. enX distributes products from OEM partners including Baudouin, John Deere, and Mitsubishi.
- Equipment Rentals: Rental fleet of generators providing recurring revenue with flexible term arrangements for customers requiring temporary or supplemental power solutions.
- Maintenance and Technical Services: Preventative maintenance 24/7, refuelling services, parts supply, and technical expertise supporting the equipment portfolio.
- Independent Verification Services: enX conducts independent verification of trial outcomes, such as the V2G trial verification work for Amber Electric in Australia.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom power solutions based on specific requirements |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
enX Group product offering
Product offeringCore offering
enX Group, through its New Way Power subsidiary, designs, manufactures, installs, rents and maintains diesel generators ranging from 13kVA to 3750kVA and distributes a range of industrial engines from OEMs including Baudouin, John Deere and Mitsubishi. The company offers renewable energy solutions such as solar hybrid and grid alternative power, supported by 24/7 preventative maintenance, refuelling, remote monitoring and parts supply, serving heavy industrial, mining, construction and other commercial customers across South Africa and sub-Saharan Africa.
Product overview
enX Group is an industrial group providing branded and locally manufactured industrial equipment, components, services and technical expertise to industry sectors in South Africa and sub-Saharan Africa. The company operates through its main segments: enX Power (New Way Power offering diesel generators from 13kVA to 3750kVA, renewable energy solutions, and related services), African Group Lubricants (lubricant distribution partnership with ExxonMobil), and previously Eqstra Fleet (vehicle leasing and fleet management including Kynite SaaS). The portfolio serves heavy industrial, mining, construction, wholesale, retail, technology and telecommunications, and manufacturing clients.
Differentiator
Problem solved
Functional benefit
Products and services
- New Way Power
Quantifiable outcome
- Continuing operations PAT improved from loss of R513 million FY2020 to R172 million FY2024
Companies that use enX Group
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
enX Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
enX Group partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- John DeerecoreLong-term OEM partnership for industrial engines and power solutions. John Deere engines are integrated into New Way Power's generator range, supporting the company's position as one of Africa's largest power solution providers.
- Moteurs BaudouincoreLong-term OEM partnership for industrial engines. Baudouin engines complement the generator product offering, providing reliable power solutions for various industrial applications.
- MitsubishicoreStrategic OEM partnership for power solutions components and technology integration in industrial generator systems.
- Amber ElectricminorenX provides independent verification of Amber Electric's V2G trial outcomes in Australia. The verification work will inform new policy frameworks around vehicle-to-grid technology in Australia, supporting future regulatory decisions.
- ExxonMobilcoreAfrican Group Lubricants (AGL) distributes ExxonMobil products as one of the largest marketer and distributor in the Southern African Development Community. AGL manufactures and supplies private label lubricants to Caterpillar factories and dealers worldwide.
- Barloworld EquipmentcoreAfrican Group Lubricants supports Barloworld Equipment by implementing and providing end-to-end lubricant solutions to Caterpillar customers in the region.
Scale indicators9 records
Recent moves8 records
Expansion highlights4 records
enX Group competitors and assessment
Company assessmentBroad incumbents
- MTU/Rolls-Royce Power Systems: Manufactures diesel and gas generator sets, complete power systems, and microgrid solutions under the MTU brand for industrial and mission-critical applications. Comparable to New Way Power in the high-kVA generator segment, though as part of a much larger industrial group.
- Wärtsilä Energy: Global provider of engine-based power plants, energy storage, and hybrid grid solutions for utilities and industrial customers. Comparable in power-generation EPC capability and Africa-relevant utility/industrial focus, though at larger project scale.
- Generac Holdings: Large US-based manufacturer of power-generation equipment spanning residential, commercial, and industrial segments. Comparable as a broader incumbent in the diesel/gas generator market, though enX focuses on industrial and African markets rather than residential.
- Atlas Copco (Power and Flow): Global industrial group providing mobile generators, compressors, and power solutions for construction, mining, and industrial customers. Comparable to New Way Power's mobile and rental offerings and end-market overlap, though as part of a broader industrial portfolio.
Direct peers
- Caterpillar (Electric Power): Manufactures diesel and gas generator sets under the Cat and FG Wilson brands for industrial, mining, and standby applications. Directly comparable to New Way Power's product range and mining/construction end-market exposure.
- Aggreko: Global provider of temporary and rental power generation solutions, including diesel generators and hybrid energy systems. Directly comparable to New Way Power's rental fleet and large-scale industrial/mining customer focus, particularly across Africa.
- Himoinsa: Spanish designer and manufacturer of diesel, gas, and hybrid generator sets with global distribution and strong presence in emerging markets. Comparable product portfolio to New Way Power, including mobile, containerised, and hybrid power solutions.
- Aksa Power Generation: Turkish manufacturer of diesel, gas, and hybrid generator sets serving industrial, mining, and telecom markets globally, with a meaningful presence in Africa. Comparable to New Way Power's product range and emerging-market distribution model.
- Kirloskar Group (KOEL / KPCL): Indian manufacturer of diesel generator sets, engines, and power-generation solutions for industrial, commercial, and infrastructure customers with established Africa presence. Comparable as a generator manufacturer targeting similar industrial and emerging-market customers.
- Cummins: Global manufacturer of diesel and gas generator sets, engines, and power-generation systems from small to multi-megawatt ratings. Directly comparable to New Way Power's 13kVA–3,750kVA generator manufacturing and OEM-engine business model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
enX Group social profiles
Digital presenceenX Group compliance and trust
Trust signalCompliance3 records
enX Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
enX Group leadership team
Management profileNumber of profiles
Profiles6 records
enX Group subsidiaries and ownership
Company hierarchySubsidiaries6 records
enX Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
enX Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about enX Group
What does enX Group do?
enX Group, through its New Way Power subsidiary, designs, manufactures, installs, rents and maintains diesel generators ranging from 13kVA to 3750kVA and distributes a range of industrial engines from OEMs including Baudouin, John Deere and Mitsubishi. The company offers renewable energy solutions such as solar hybrid and grid alternative power, supported by 24/7 preventative maintenance, refuelling, remote monitoring and parts supply, serving heavy industrial, mining, construction and other commercial customers across South Africa and sub-Saharan Africa.
Is enX Group a public or private company?
enX Group is a public company. It is classified as public and is currently operating.
When was enX Group founded?
enX Group was founded in 2007. It employs 101 to 250 people.
Where is enX Group based?
enX Group is headquartered in Johannesburg, South Africa, in the Africa region.
How does enX Group make money?
Four revenue lines are on record. Equipment Sales are the primary driver. The others are equipment Rentals, maintenance and Technical Services and independent Verification Services.
Who are enX Group's main competitors?
Broad incumbents on record are MTU/Rolls-Royce Power Systems, Wärtsilä Energy, Generac Holdings and Atlas Copco (Power and Flow). Direct peers are Caterpillar (Electric Power), Aggreko, Himoinsa, Aksa Power Generation, Kirloskar Group (KOEL / KPCL) and Cummins.
Does enX Group have an API?
No public API is recorded for enX Group.
What industry is enX Group in?
enX Group's product category is Industrial Power Generation Equipment. Its primary akta.pro industry code is EUAEAAAJ, Engine Generator & Microgrid Power Plant EPC (Diesel/Gas Recip), with a secondary code of EUACACAH, Emergency & Standby Diesel Generator Power (Critical Facilities). Its NAICS code is 335312 and its SIC code is 3621.