Listed technology services provider EOH has acquired 100% of Aptronics, a high-end data centre and end-user computing group, for R194 million.<\/p>\n
Aptronics’ services include networking, virtualisation, servers, storage and infrastructure solutions.<\/p>\n
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.<\/p>\n
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.<\/p>\n
\u201cAptronics operates across all key industry verticals and already works with many of EOH\u2019s existing technology partners,” said EOH CEO f ICT Solutions, Rob Godlonton.<\/p>\n
“Our combined value proposition will strengthen our relationships with both our joint customer base and our technology partners.\u201d<\/p>\n
In March, EHO\u00a0reported a 30% rise in revenue for the six months ended January 2016, to R6 billion.<\/p>\n
Profit for the period was up 36% to R464 million, while cash increased 6% to R1.561 billion.<\/p>\n
EOH posts stellar results<\/a><\/strong><\/p>\n EOH plans aggressive expansion in Africa<\/a><\/strong><\/p>\n