DATATEC LIMITED - Proposed acquisition of German services and solutions provider Inforsacom
DTC 201412020010A
Proposed acquisition of German services and solutions provider Inforsacom
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
PROPOSED ACQUISITION OF GERMAN SERVICES AND SOLUTIONS PROVIDER INFORSACOM
Datatec Limited, (JSE/AIM: DTC, "Datatec" or “the Group”), the
international Information and Communications Technology (ICT) Group,
announces that its subsidiary, Logicalis Group Limited (“Logicalis”), has
signed agreements to acquire 100% of the issued share capital of
Inforsacom Holding GmbH (“Inforsacom”), a German ICT services and solutions
provider.
Inforsacom is a provider of database, storage and infrastructure solutions
and services with operations across the major economic centres of Germany.
The acquisition will significantly enhance Logicalis’ scale and capabilities
in the German ICT market. Inforsacom has an annual turnover of
approximately $140 million and employs 160 staff.
Jens Montanana, Datatec’s Chief Executive Officer commented:
“The acquisition of Inforsacom creates a larger platform with broader
ICT services capabilities to augment Logicalis’ existing German operations,
in line with the strategy of growing our presence in Europe.”
The acquisition is subject to the approval by the German Competition
Authorities and the South African Reserve Bank and is expected to be
finalised in January 2015.
Sandton
2 December 2014
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Enquiries:
Datatec Limited (www.datatec.co.za)
Jens Montanana – Chief Executive Officer
+44 (0) 1753 797118
Jurgens Myburgh – Chief Financial Officer
+27 (0) 11 233 3301
Wilna de Villiers – Group Marketing Manager
+27 (0) 11 233 1013
Jefferies International Limited – Nominated Adviser and Broker
Nick Adams/Alex Collins
+44 (0) 20 7029 8000
finnCap – Broker
Tom Jenkins/Henrik Persson
+44 (0) 20 7220 0500
Instinctif Partners
Frederic Cornet/Bianca Samson (SA)
+27 (0) 11 447 3030
Adrian Duffield/Chantal Woolcock (UK)
+44 (0) 20 7457 2020
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