Johannesburg - Datatec [JSE:DTC] said on Friday it will buy Comztek
Holdings, a major hardware and software distributor in Africa, for R88m.
Comztek is a leading systems distributor with coverage in 26
countries in Africa with operations in South Africa, Namibia, Zambia, Kenya and
Mauritius.
It distributes a range of hardware and software products
focused on networking, security and storage, datacentre and software
infrastructure and unified communications solutions.
Comztek has annual revenues in excess of R1bn and more than
200 employees.
Datatec will acquire 100% of Comztek from its current
shareholders who include Mustek Limited and various members of the management
team through family and employee trusts.
"This is an exciting opportunity to create a market
leadership position across the continent which will extend and augment our existing
emerging Africa and South African operations and bring strong business with an
excellent reputation into the group.
Comztek brings a complimentary vendor portfolio that has
minimal overlap with Westcon's own vendor portfolio, thereby adding strong new
vendor relationships, along with highly skilled and experienced staff that will
allow us to widen our offering to our respective customer bases.
With revenues across Africa exceeding $300m the combined
business will boast the scale and addressable market to attract new vendors
wishing to create a regional presence,” said Jens Montanana, Datatec's CEO.