https://www.engineeringnews.co.za

EOH eyes R194m buyout of Aptronics

14th April 2016

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

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.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Craig Miller Technical Services (CMTS)
Craig Miller Technical Services (CMTS)

CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.061 1.117s - 149pq - 2rq
Subscribe Now