DTC - Datatec Limited - Acquisition of South African security distributor
DTC
DTC
DTC - Datatec Limited - Acquisition of South African security distributor
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
ACQUISITION OF SOUTH AFRICAN SECURITY DISTRIBUTOR
Datatec Limited ("Datatec" or the "Group", JSE/AIM: DTC), the international
Information and Communications Technology (ICT) group, has agreed to acquire
Biodata IT SA (Pty) Ltd ("Biodata"), a South African registered and privately
owned niche security product distributor based in Johannesburg. Biodata`s
annual revenues are approximately R30 million.
The acquisition will be integrated into Westcon SA, Datatec`s South African
networking, convergence, security and mobility distribution business. Biodata`s
strong vendor suite and established presence in the local market adds
significantly to Westcon SA`s existing security portfolio. The terms of the
consideration have not been disclosed.
Jens Montanana, Datatec`s Chief Executive commented:
"Security is one of the key growth areas in the global IT market. Biodata has
specialised skills along with a strong vendor portfolio and this acquisition
will allow Westcon SA to bolster its distribution of security solutions".
Enquiries:
Datatec Limited (www.datatec.co.za)
Ivan Dittrich - Chief Financial Officer +27 (0) 11 233 1221
Wilna de Villiers - Group Marketing Manager +27 (0) 11 233 1013
Jefferies International Limited
Chris Snoxall +44 (0) 20 7029 8000
College Hill
Adrian Duffield/Jon Davies (UK) +44 (0) 20 7457 2020
Frederic Cornet (SA) +27 (0) 11 447 3030
17 September 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/09/2010 08:00:02 Produced by the JSE SENS Department.
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