EOH acquires tech firm Aptronics for R194 million
Listed technology services provider EOH has acquired 100% of Aptronics, a high-end data centre and end-user computing group, for R194 million.
Aptronics’ services include networking, virtualisation, servers, storage and infrastructure solutions.
According to EOH, the group has been in business for over 20 years with turnover in excess of R500 million and has over 200 large enterprise customers.
The terms of the deal say that the R194 million purchase price is payable over two years, split between cash and EOH shares, subject to warranted profits.
“Aptronics operates across all key industry verticals and already works with many of EOH’s existing technology partners,” said EOH CEO f ICT Solutions, Rob Godlonton.
“Our combined value proposition will strengthen our relationships with both our joint customer base and our technology partners.”
In March, EHO reported a 30% rise in revenue for the six months ended January 2016, to R6 billion.
Profit for the period was up 36% to R464 million, while cash increased 6% to R1.561 billion.
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