JSE-listed Allied Electronics Corporation Limited (Altron) has announced that it has acquired iS Partners in a deal worth R225 million.<\/p>\n
The deal includes the acquisition of Karabina Solutions, a Microsoft solutions business, and Zetta Business Solutions which provides data advisory services, Altron said in a statement on Monday (11 June).<\/p>\n
“This acquisition will enable us to create a Microsoft-focused business within Altron with a special focus on cloud computing and data analytics. The acquisition will add scale and a new suite of solutions and capabilities enabling customers to digitally transform their businesses through Microsoft technologies,” said Altron Group CEO, Mteto Nyati.<\/p>\n
With 200 employees and the recipient of over 70 local and international industry awards, Karabina is uniquely positioned as a Microsoft partner of the future, he added.<\/p>\n
“It provides its customers, comprising of over 300 companies from South Africa and Africa, with competencies to define a digital transformation strategy and Microsoft technology roadmap to help them achieve their goals and strategies in the context of an increasingly digital global environment.”<\/p>\n
The acquisition is subject to Competition Commission approval.<\/p>\n