enX Group

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.

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

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

• Diesel generators
• Power generation
• Industrial engines
• Renewable energy solutions
• Industrial equipment manufacturing

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. Equipment Rentals: Rental fleet of generators providing recurring revenue with flexible term arrangements for customers requiring temporary or supplemental power solutions.
3. Maintenance and Technical Services: Preventative maintenance 24/7, refuelling services, parts supply, and technical expertise supporting the equipment portfolio.
4. Independent Verification Services: enX conducts independent verification of trial outcomes, such as the V2G trial verification work for Amber Electric in Australia.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core 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

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• John DeerecoreTechnology or IntegrationLong-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 BaudouincoreTechnology or IntegrationLong-term OEM partnership for industrial engines. Baudouin engines complement the generator product offering, providing reliable power solutions for various industrial applications.
• MitsubishicoreTechnology or IntegrationStrategic OEM partnership for power solutions components and technology integration in industrial generator systems.
• Amber ElectricminorStrategic or Co-development PartnerenX 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.
• ExxonMobilcoreChannel Partner/ Reseller/ DistributorAfrican 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 EquipmentcoreChannel Partner/ Reseller/ DistributorAfrican 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

Broad 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

• LinkedInlinkedin.com/company/austro-group-limited

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about enX Group