EOH expands Africa footprint, acquires stake in TTCS
Technology services provider EOH is acquiring between 49% and 80% of Pan-African information technology (IT) applications and business solutions provider Twenty Third Century Systems (TTCS) and its subsidiaries, for an undisclosed amount.
“TTCS will significantly augment our Pan-African growth plans and support EOH’s purpose of providing technology, knowledge, skills and organisational ability critical to Africa’s development and growth,” EOH CEO Asher Bohbot said.
TTCS had a complement of over 400 diverse, highly-skilled IT experts in finance, logistics, human capital management, analytics, mobility, cloud and database technologies and provided solutions across the spectrum.
Its operations were underpinned by timely and effective systems integration, product delivery, maintenance and support.
The IT solutions provider had a presence across the continent with offices in Zimbabwe, Zambia, Malawi, Kenya, Uganda, Rwanda, Botswana and Nigeria and projects in several countries including Ghana, Namibia, Tanzania and Cameroon.
"EOH is a natural home for TTCS, spurred on by EOH’s passion for Africa and innovation, coupled with a collaborative and entrepreneurial culture, focused on creating jobs, building skills, as well as providing knowledge services across the continent,” TTCS CEO Ellman Chanakira said.
The JSE-listed company and TTCS would jointly take their strong Internet protocol and business solutions into Africa and provide proven African-developed solutions for the continent.
“The joining of these two successful businesses is exciting and provides a perfect platform for our African Growth strategy that will accelerate in the years ahead,” Bohbot added.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation