EOH, a South African IT services business, has acquired 100% of Aptronics, a networking and infrastructure business, for a total of R194 million payable over two years, with 50% in cash and 50% in EOH shares. Rob Godlonton (pictured), CEO of EOH ICT Solutions, said in a statement:
"This enhances EOH's existing service offerings and improves EOH's capability in the high-end data centre and infrastructure space... Aptronics operates across all key industry verticals and already works with many of EOH's existing technology partners."
EOH is one of SA's largest technology and knowledge services providers, with around 11,000 staff. It has been listed on the JSE since 1998. This is not the company's only acquisition of late. In October 2015, EOH acquired rail industry nerve centre business, Mehleketo Resourcing Proprietary Limited, which has a turnover of over R300 million and some 350 employees. It also acquired Construction Computer Software (CSS) for an undisclosed amount last year.
- Stay connected, up to date and in the loop on what is happening in the world of finance and keep track of newly published expert insights and interviews with CFOs and CEOs. Become an online member and receive our newsletter, follow us on Twitter, like us on Facebook and join us on LinkedIn.
