Datatec buys German firm Inforsacom
ICT group Datatec says that its subsidiary, Logicalis Group, has signed agreements to acquire German based firm Inforsacom.
Inforsacom is a provider of database, storage and infrastructure solutions and services with operations across the major economic centres of Germany.
The acquisition will significantly enhance Logicalis’ scale and capabilities in the German ICT market, Datatec said.
Inforsacom has an annual turnover of approximately $140 million and employs 160 staff.
Datatec CEO, Jens Montanana, said: “The acquisition of Inforsacom creates a larger platform with broader ICT services capabilities to augment Logicalis’ existing German operations, in line with the strategy of growing our presence in Europe.”
The acquisition is subject to the approval by the German Competition Authorities and the South African Reserve Bank and is expected to be finalised in January 2015.
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