Technology services provider EOH plans to acquire 100% of information technology solutions provider Aptronics for R194-million.
Fifty per cent of the purchase price would be settled in cash and the balance in EOH shares over two years.
The acquisition, which remained subject to regulatory approval, enhanced EOH’s existing service offerings and improved its capability in the high-end data centre and infrastructure space, EOH information and communication technology solutions CEO Rob Godlonton said in a statement on Thursday.
This was in line with EOH’s continued strategy to consolidate and complement its existing services with strategic acquisitions.
“Aptronics operates across all key industry verticals and already works with many of EOH’s existing technology partners. Our combined value proposition will strengthen our relationships with both our joint customer base and our technology partners,” he explained.
The transaction would also enable Aptronics to offer a wider range of value-adding solutions to its existing customer base, complementing its existing services, and reach many more customers, expand geographically and enhance its delivery capacity.
“The cultural fit and shared value systems of EOH and Aptronics made EOH a natural home for our organisation,” Aptronics CEO Anil Pema commented.