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).