Established in 1888 by pioneers Theodore Reunert and Otto Lenz, the group has played a major role in the South African economy for more than a century. Reunert & Lenz was first listed in 1948 in the engineering sector of the JSE. In 1980 the company was acquired by Barlows and listed in the electronics sector three years later. Reunert was unbundled from Barlows in 1993 and completed a major restructuring in the late 1990s when various non-core or unprofitable businesses were sold or closed. Reunert strives to achieve first or second position in its key markets through its brands CBI-electric, Nashua and Reutech. The group’s telecommunication interest is through a 40% stake in NSN and recently has acquired 100% of SEC.