{"id":39212,"date":"2013-06-03T10:06:18","date_gmt":"2013-06-03T08:06:18","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=39212"},"modified":"2013-06-03T10:35:07","modified_gmt":"2013-06-03T08:35:07","slug":"datatec-completes-comztek-acquisition","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/39212\/datatec-completes-comztek-acquisition\/","title":{"rendered":"Datatec completes Comztek acquisition"},"content":{"rendered":"

Listed ICT group Datatec<\/a> says it has completed\u00a0the acquisition of Comztek Holdings<\/a>.<\/p>\n

The cash portion of the R88 million total consideration was settled by the payment of R48 million in\u00a0cash funded from new loan finance (R27.4 million to Mustek<\/a>; R20.6 million to the Management\u00a0Sellers, including the contingent consideration of R8 million which became payable after Comztek met\u00a0all required ebitda performance conditions).<\/p>\n

Datatec said that the remaining portion of the consideration (R40 million) will be settled by the allotment of 752,606\u00a0new Datatec ordinary shares of ZAR0.01.<\/p>\n

The Comztek business will be integrated with\u00a0Westcon<\/a> South Africa in an internal
\nreorganisation.<\/p>\n

\u201cAfrica remains a key growth market for us and this deal\u00a0significantly expands our footprint and offering into many new\u00a0markets. As the continent continues to develop our solutions and\u00a0services will play an important part in the rapid adoption of more\u00a0advanced IT and telecoms infrastructure,”\u00a0Jens Montanana<\/a>, Datatec\u2019s chief executive said in announcing the acquisition in November last year.<\/p>\n

More on Datatec<\/h3>\n

Datatec buys ICT firm Comztek<\/strong><\/a><\/p>\n

Datatec subsidiary in South American acquisition<\/strong><\/a><\/p>\n

Westcon SA CEO steps down<\/strong><\/a><\/p>\n

Westcon acquires Triple Accesss IT<\/strong><\/a><\/p>\n

Westcon acquires Afina for EUR50m<\/a><\/strong><\/p>\n

Datatec takes ownership of Westcon Africa<\/a><\/strong><\/p>\n

Diversification sees Datatec push for double-digit growth<\/a><\/strong><\/p>\n

Datatec subsidiary acquires Indonesian firm<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Listed ICT group Datatec says it has completed the acquisition of Comztek Holdings.<\/p>\n","protected":false},"author":10,"featured_media":37861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,1],"tags":[4739,765,26],"class_list":["post-39212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","category-trending","tag-comztek","tag-datatec","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/39212","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=39212"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/39212\/revisions"}],"predecessor-version":[{"id":39220,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/39212\/revisions\/39220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/37861"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=39212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=39212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=39212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}