JSE listed Adapt IT, has announced that it has acquired 100% of Aquilon, a South African based Oil and Gas specialist consultancy in a R98 million deal.<\/p>\n
This strategic acquisition will enhance Adapt IT\u2019s expansion into Africa\u2019s growing energy sector, strengthen the company\u2019s presence in the Western Cape and bolster its growing SAP solutions expertise.<\/p>\n
Aquilon, founded in 2006, designs, implements and supports SAP IS-Oil and other supply chain IT solutions in South Africa and internationally and services six of the major oil companies.<\/p>\n
Aquilon will form part of Adapt IT\u2019s new Energy division (specialising in Oil and Gas) and expands the Group\u2019s operational sites to include Cape Town. Cape Town is becoming a favoured international location for Business Process Outsourcing (BPO) and offshoring as global companies seek to remain competitive.<\/p>\n
Sbu Shabalala, CEO of Adapt IT, says the acquisition will contribute significantly to the company\u2019s growth strategy: \u201cThe acquisition is aimed at improving our solutions and services to benefit our current and future clients, and will position the company to continue delivering meaningful long-term value to our shareholders.\u201d<\/p>\n
Shabalala added that a critical component of the deal was the cultural synergy and depth in management, which this transaction brings.<\/p>\n
Adapt IT Holdings Limited has over 420 employees operating out of business divisions in Durban, Johannesburg, Pretoria and Cape Town and is led by a core team of executives.<\/p>\n
The group provides a variety of specialised turnkey IT solutions and services to the Education, Mining & Manufacturing, Oil & Gas and Financial Services sectors.<\/p>\n
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