Datatec buys US firm in $42m deal
International ICT group Datatec has bought US firm Advanced Technology Integration Group from MPCc, in a deal worth up to $42m.
Datatec Ltd. (DI)
310.00p
16:34 07/12/17
0.00%
0.00p
Software & Computer Services
2,398.97
10:20 25/04/24
-0.56%
-13.55
Through its subsidiary Logicalis, Datatec would pay $42m including consideration to MPCc.
Datatec said the deal would be immediately earnings enhancing and noted ATIG had revenues of £133m.
The South African based company said the company would consolidate Logicalis’ prescence in the American Midwest.
Datatec chief executive officer Jens Montanana said the deal would strengthen relationships with key vendor partners Cisco, VMWare and HP.
Shares in Datatec were down by 2.43% to 322p at 1411 BST.