JOHANNESBURG - Allied Electronics Corporation Limited said on Monday it had concluded a share sale agreement, through its wholly owned subsidiary Altron TMT, to acquire the entire issued share capital of iS Partners in a deal worth R225 million.
It said the acquisition, with an anticipated effective date of July 1, was subject to Competition Commission approval.
"This acquisition will enable us to create a Microsoft-focused business within Altron with a special focus on cloud computing and data analytics," Altron group chief executive Mteto Nyati said.
"The acquisition will add scale and a new suite of solutions and capabilities enabling customers to digitally transform their businesses through Microsoft technologies."
The deal includes the acquisition of Karabina Solutions, a Microsoft solutions business, and Zetta Business Solutions, which provides data advisory services.