ATN/ATNP - Allied Electronics Corporation Limited - Bytes Technology Group
ATN ATNP
ATN
ATN/ATNP - Allied Electronics Corporation Limited - Bytes Technology Group
receives Competition Tribunal approval for the Unisys Africa acquisition
Allied Electronics Corporation Limited
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share Code : ATN ISIN: ZAE000029658
Share Code : ATNP ISIN: ZAE000029666
Shareholders are referred to the announcement released on SENS on 10 January
2012, regarding the acquisition by Altron subsidiary, Bytes Technology Group
South Africa (Pty) Limited ("Bytes"), of 100% of the issued share capital of
Unisys Africa, from Unisys Corporation and a local empowerment company,
CyberKnowledge Systems Investments (Pty) Limited ("the acquisition").
Shareholders are now advised that the company has been informed by the
Competition Tribunal of South Africa ("the Tribunal") that the acquisition
has been unconditionally approved by the Tribunal.
In conjunction with the transaction, Unisys and Bytes will conclude a five-
year distributor agreement which allows for exclusive marketing, sale and
support of certain Unisys products and solutions in selected sub-Saharan
African countries with `preferred partner` status in certain others.
It is anticipated that the acquisition will provide the possibility for
synergies and economies of scale for Unisys Africa`s operations within the
greater Bytes group. Unisys Africa`s longstanding relationship with public
sector agencies is expected to enhance the efforts of Bytes` newly
established Government Solutions division.
Johannesburg
2 April 2012
Sponsor
Investec Bank Limited
Date: 02/04/2012 08:00:04 Produced by the JSE SENS Department.
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