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.