SA’s Datatec steps up global buying spree

2015-07-29 09:48 - Gareth van Zyl
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Johannesburg - A subsidiary of Sandton headquartered Datatec [JSE:DTC] has snapped up US-based Advanced Technology Integration Group (ATIG) for $42m (R528m) - the latest in a series of acquisitions.

Logicalis Group, a subsidiary of technology business Datatec, is stretching its global influence by buying ATIG - a solution provider offering system integration and professional services to enterprises in the US’s Midwest region.

In May, Datatec subsidiary Logicalis Group also acquired UK business intelligence consultancy Trovus. And in December last year, Logicalis Group acquired 100% issued share capital of German technology firm Inforsacom.

Datatec, in a statement, said that ATIG had revenues of $133m at the end of 2014 and 100 skilled staff across 14 offices.

More specifically, ATIG targets areas such as enterprise networking, data centres, unified communications, cloud and managed service solutions to healthcare, state and local government and education entities.

"ATIG adds significant scale to Logicalis’ presence in the Midwest and is central to the consolidation of our position in that market,” said Jens Montanana, Datatec's chief executive officer in a statement.

“It also strengthens strategic relationships with key vendor partners Cisco, VMWare and HP and broadens our services scope into a new customer group,” said Montanana.

Datatec noted that the acquisition is subject to closing conditions but that it is expected to become effective in September 2015.

UPDATE:

Datatec, which is listed on the Johannesburg Stock Exchange (JSE), has told Fin24 that it has annualised revenues of over $6bn with more than 8 000 employees and offices in over 60 countries.

Read more about: datatec  |  technology  |  jse

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