{"id":185289,"date":"2017-07-14T10:16:02","date_gmt":"2017-07-14T08:16:02","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=185289"},"modified":"2017-07-14T10:16:02","modified_gmt":"2017-07-14T08:16:02","slug":"ansys-announces-acquisition-of-profitek-industrial-communications","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/185289\/ansys-announces-acquisition-of-profitek-industrial-communications\/","title":{"rendered":"Ansys announces acquisition of Profitek Industrial Communications"},"content":{"rendered":"<p>Alt-X-listed engineering software developer, Ansys, has made an offer to purchase Profitek Industrial Communications for an up front amount of R40 million, which was accepted on 13 July 2017.<\/p>\n<p>The Ansys group consists of a portfolio of technology businesses operating in the Rail, Mining and Industrial, Defence and Information Security and Telecommunications market sectors, both locally and internationally.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;The transaction enhances Ansys\u2019 safety and productivity business division, in the company\u2019s pursuit to become a digital technology solutions provider which leverages its own intellectual property to provide world-class products for global distribution,&#8221; Ansys said.<\/p>\n<p>An amount of R12 million or 30% shall be settled in cash, and 70% will be settled by issuing Ansys ordinary shares.<\/p>\n<p>In June Ansys reported a 70% rise in revenue to R806 million for the year ended March 2017.<\/p>\n<p>The group said that EBITDA improved to R113.1 million from R42.8 million in 2016.<\/p>\n<p>Net profit was up 239.2% to R67.8 million, contributing to the 203% improvement in HEPS from 4.86 cents in 2016 to 14.71 cents.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/it-services\/180611\/ansys-revenue-soars-on-the-back-of-fibre-optic-network-growth\/\" target=\"_blank\" rel=\"noopener\">Ansys revenue soars on the back of fibre optic network growth<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alt-X-listed engineering software developer, Ansys, has made an offer to purchase Profitek Industrial Communications for an up front amount of R40 million.<\/p>\n","protected":false},"author":10,"featured_media":78686,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[31],"tags":[25,2672],"class_list":["post-185289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-active","tag-ansys"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/185289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=185289"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/185289\/revisions"}],"predecessor-version":[{"id":185295,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/185289\/revisions\/185295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/78686"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=185289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=185289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=185289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}