EOH merger with Powertech System Integrators gets approval
The Competition Tribunal has approved a large merger between EOH Industrial Technologies and certain business of Powertech.
The merger has been approved without conditions, the Tribunal said in a statement.
EOH Industrial Tech is wholly controlled by JSE-listed EOH Holdings, a technology solutions provider with key business in IT services, software, IT infrastructure, industrial technologies and business process outsourcing.
Powertech is controlled by Power Technologies, which is controlled by JSE-listed Allied Electronics Corporation.
The businesses forming the part of the transaction before the Tribunal are the businesses active in the markets for engineering information systems, power infrastructure management and energy management.
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