EOH and Powertech System Integrators merger approved


A large merger between EOH Industrial Technologies and certain business of Powertech System Integrators has been approved by the Competition Tribunal, without conditions.

The businesses forming the part of the transaction include the businesses active in the markets for engineering information systems, power infrastructure management and energy management.

The move forms part of the implementation of the company's business strategy to focus on its information technology and telecommunications business and exit its non-core operations.

EOH Industrial Tech is wholly controlled by JSE-listed EOH Holdings, a technology solutions provider with key business in IT services, software, IT infrastructure, industrial technologies and business process outsourcing. Powertech is controlled by Power Technologies, controlled by JSE-listed Allied Electronics Corporation (Altron).

Related articles

CFOs unpack ESG, tech and teamwork in CFO Day Survey

In what has become a tradition, South Africa’s top finance leaders completed the CFO Survey at this year’s annual CFO Day on 5 July. The results are unpacked in this CFO Magazine special feature.

Are fintechs the answer to cross-border payment pains?

During a CFO South Africa webinar, Verto experts Tim Rudman and Ola Oyetayo, as well as Hatch Africa CFO Craig Sumption, unpacked the challenges and possible solutions when it comes to cross-border payments.