Pinnacle Technology buys JAG Engineering
Pinnacle Technology has acquired a 90% stake in JAG Engineering (SA), a Johannesburg based company that manufactures server racking, wall boxes and IP enclosures.
The purchase price was not disclosed.
“JAG presents considerable strategic synergy for the group and will give us the
productive capacity that will underpin our drive into the data centre design
and build space,” said Nico Steyn, MD of Datanet, the division under which Pinnacle
distributes and markets server racking and other electronic enclosures.
“This is a market that is becoming increasingly relevant with current proliferation of cloud infrastructure and data consolidation,” he added.
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