EOH buys Siemens subsidiary

Siemens has sold 100% of Siemens IT Solutions and Services South Africa to IT service provider EOH Holdings, subject to regulatory approval.

The deal is in line with  Siemens AG’s stated objective of exiting the global IT Services market, and follows a process by Siemens to determine the best possible partner to service its existing South African client base and look after its employees, the group said.

Siemens IT Solutions and Services’ business focus is to support, organise and provide technology based services to clients in the public and private sector.

In terms of the agreement, EOH will take over the total operations of the company including all personnel.

Listed on the JSE, EOH employs more than 4,700 people, of whom 57% are black, has more than 2,500 large clients and offers solutions to its wide range of clients across all aspects of information technology in the areas of IT services and solutions, applications, infrastructure, managed services and outsourcing.

Siemens has been active in South Africa for more than 150 years and employs approximately 2,000 people. The company continues to play an important role in the country’s infrastructure, economic and social development.

“We are delighted to be chosen by Siemens to take over its IT operations in South Africa and we will endeavour to provide great and valued services to its clients”, said Asher Bohbot, CEO of EOH.

In April EOH announced that it has acquired the specialist training company, Faculty Training Institute (FTI).

Shares in EOH improved 19 cents to R36.00 on the JSE in early trade.

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EOH buys Siemens subsidiary