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Adcorp to buy Australian IT company

Dec 12 2012 13:02 Reuters

Company Data

Adcorp Holdings Limited [JSE:ADR]

Last traded 31.40
Change -1.1
% Change -0.03
Cumulative volume 97954
Market cap 3.14bn

Last Updated: 24/04/2014 at 04:17. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - South African employment agency Adorp Holdings [JSE:ADR] said on Wednesday it had bought Australian IT provider Paxus from Computer Sciences Corporation for almost R545m in cash. 

Adcorp said the acquisition would diversify its earnings and geographic spread.

 

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