Johannesburg - ICT company Pinnacle Technology Holdings [JSE:PNC] said on Wednesday that all of the conditions related to its acquisition of of Axiz Technology have been met.
There are not more conditions to be met and the transaction has been completed, it said.
For the 12 months ended December 2009 Axiz's audited consolidated financial results reflected revenue of R1.755bn and net profit after taxation of R18.3m.
Pinnacle is due to release results for the six months ending December 2010 in the week of 21 February 2011.