JSE-listed Allied Electronics (Altron) has split its Altron People Solutions business and sold them to two buyers, effective October 1, after holding it for sale over the past year.
The Altron People Solutions’ Business Process Outsourcing (BPO) and Customer Experience Technology business has been acquired by iSON Xperiences, a global organisation with headquarters in Dubai which is looking to expand their African footprint.
The business will operate from its current premises.
The Learning Solutions part of the business was acquired by South African management consultancy LRMG. Staff will be moving to the LRMG office premises.
“A decision was taken to split the business and sell it to two buyers, both of whom are ideally positioned to provide exciting new growth opportunities in an environment where they can flourish,” Altron group CEO Mteto Nyati said in an update to shareholders.
While the business no longer aligned with the Altron 2.0 strategy, it had a great industry track record.
“By selling it to the correct partners, we have allowed these businesses opportunities for growth and expansion. The Learning Solutions can now focus on bringing innovative digital training services to the market, while the BPO is now part of a global organisation that brings a more expansive view on customer experiences,” he said.