JSE-listed Allied Electronics Corporation Limited (Altron) has announced that the Competition Commission has approved its acquisition of iS Partners with effect from 1 September 2018.<\/p>\n
The deal is 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.<\/p>\n
Commenting on the approval, Altron CEO Mteto Nyati said: “The approval clears the way for Altron to offer customers choice in leading cloud computing and data analytics platforms.”<\/p>\n
“Within Altron, Karabina will be a separate division focused on Microsoft and Zetta Business Solution will be integrated into Altron Bytes Systems Integration (BSI),” he said.<\/p>\n
Altron BSI, a merged business unit of two previously separate operations within Altron, is a driver of Altron\u2019s strategy in its key strategic focus areas for growth i.e. Internet of Things, data analytics, cloud services and security.<\/p>\n
Karabina employs 200 employees and is the recipient of over 70 local and international industry award. The company boasts a customer base of over 300 companies from South Africa and Rest of Africa.<\/p>\n