CAPE TOWN - JSE-listed Allied Electronics Corporation (Altron) has announced that the Competition Commission has approved its acquisition of iS Partners with effect from 1 September 2018.
According to Altron, The deal is worth R225 million.
iS Partners comprises of Karabina Solutions, a Microsoft focused business, and Zetta Business Solutions, which provides Amazon Web Services offerings.
Commenting on the approval, Altron chief executive Mteto Nyati said:“The approval clears the way for Altron to offer customers choice in leading cloud computing and data analytics platforms.”
“Within Altron, Karabina will be a separate division focused on Microsoft and Zetta Business Solution will be integrated into Altron Bytes Systems Integration (BSI),” concluded Nyati.
Altron BSI, a merged business unit of two previously separate operations within Altron, is a driver of Altron’s strategy in its key strategic focus areas for growth such as Internet of Things, data analytics, cloud services and security.
Karabina employs 200 employees and is the recipient of more than 70 local and international industry award. The company boasts a customer base of over 300 companies from South Africa and Rest of Africa.
- BUSINESS REPORT ONLINE