Datatec acquires US firm for R528 million

JSE listed tech firm, Datatec has announced the acquisition of US enterprise business, Advanced Technology Integration Group, for $42 million (R528 million).

According to Datatec, the acquisition will consolidate Logicalis’ presence in the key Midwest region and present significant cross selling opportunities for its services offering, noting that its offering is highly complementary Datatec subsidiary Logicalis.

In the year ended 31 December 2014, ATIG had revenues of $133 million (R1.67 billion) and the acquisition is expected to be earnings enhancing for Datatec.

ATIG employs over 100 skilled staff across 14 offices and provides enterprise networking, data centre, unified communications, cloud and managed services solutions to a range of vertical markets including healthcare, state and local government and education.

The acquisition is subject to a number of closing conditions and is expected to become effective in September 2015.

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Datatec acquires US firm for R528 million