Benchmark International successfully facilitated the acquisition of CiM Automation (Pty) Ltd by Synapt Holdings (Pty) Ltd

Benchmark International successfully facilitated the acquisition of CiM Automation (Pty) Ltd by Synapt Holdings (Pty) Ltd

Benchmark International is proud to announce the successful facilitation of Synapt Holdings (Pty) Ltd's acquisition of CiM Automation (Pty) Ltd. This transaction paves the way for a strong and sustainable future for CiM Automation, positioning the company for accelerated growth and long-term success.

Synapt, founded in 2016, is a venture-driven business focused on buying and building small and medium-sized enterprises. Since its inception, the group has been recognised for developing and scaling getWorth, a leading online platform for buying and selling pre-owned vehicles.

Commenting on the acquisition, Colin Morgan, co-founder of Synapt, stated: “We’re delighted to have completed this acquisition and to welcome CiM Automation into the Synapt family. It’s a solid, well-run business with good values, deep expertise and long-standing customer relationships — exactly the kind of company we like to develop. The seller, Philip Gilmour, should be proud of what he built, and we are committed to advancing that legacy.”

Jamie Surkont, co-founder of Synapt (Pty) Ltd, added: “CiM Automation has a great reputation in the industry and a team that truly understands its customers. We’re excited to support them in the next stage of growth while keeping what makes the business special. The Benchmark team made the whole experience straightforward and constructive, and we appreciated the open communication and professionalism from everyone involved”

CiM Automation (Pty) Ltd is a distributor of sensor solutions for automated industrial processes, representing world-leading brands with international reputation, backup and support, and a trusted, reliable supply chain. Customers include globally reputable manufacturers who have remained loyal for over 35 years, trusting the company’s local engineering expertise and worldwide support. The company is headquartered in Cape Town, South Africa, from where the technical team supports customers across sub-Saharan Africa.

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Philip Gilmour, Managing Director of CiM Automation (Pty) Ltd, commented on the acquisition: “Benchmark International, through Zelda and her team, facilitated the initial introduction to Colin and Jamie from Synapt and supported the early stages of engagement. Zelda stayed in touch throughout the process, providing reassurance, comfort and professional advice at each step. Synapt’s professionalism, experience and strong commercial insight helped drive the transaction to a successful conclusion within three months. I especially appreciated Colin and Jamie’s sensitivity during what was, for me, a significant and emotional transition, given the long-term relationships I had developed with the CiM Automation team, our suppliers and our customers. They handled the process with genuine understanding and respect.”

Zelda de Kock, Transaction Director at Benchmark International, stated: “Synapt proved to be an excellent fit for our client, who was seeking a well-aligned succession partner as he transitioned into retirement. Colin and Jamie demonstrated a clear understanding of the business, a strategic mindset and strong commercial acumen throughout the process. Their approach ensured the seller had confidence in the future of the business and its team. We look forward to seeing where they take the business next.”

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