Datatec subsidiary acquires Indonesian firm

Listed information communications technology (ICT) player Datatec (DTC), on Thursday (February,16) announced that its subsidiary, Westcon, has agreed to acquire the business of PT Netpoleon, an Indonesian value added distributor of IT security, networking and convergence solutions.

The group also provides managed and training services.

Prior to the acquisition, Netpoleon operated as a franchisee of Westcon Group in Singapore. The consideration is not disclosed and will be settled with $1 million worth of Datatec shares and the remainder in cash.

This acquisition builds on Westcon’s presence in Southeast Asia and gives Westcon its first significant presence in Indonesia.

Netpoleon has a portfolio of solutions that cover seven vendors and has been operated by the current management team since it started business in 2000. Netpoleon additionally provides customers with an array of services, ranging from managed services and maintenance, to implementation and training services.

The group achieved unaudited revenues of $11 million for the year ended December 31, 2011.