CAPE TOWN - Africa’s largest technology and services provider EOH has acquired the business of Powertech Systems Integrators, IST, for an undisclosed amount.
The deal, led by the industrial technology division of EOH would enhance the group’s geographical reach and energy portfolio of integrated and smart resilient energy solutions, the company said in a statement yesterday.
Powertech Systems Integrators is a system engineering business that operates predominantly in the energy sector with customers that include large energy users and power utilities in South Africa and sub-Saharan Africa.
The business generates annual revenue of more than R300 million and has an active customer base of more than 250 companies across South Africa and the rest of Africa.
Powertech Systems Integrators chief executive Hennie du Plessis said: “We are delighted to be joining EOH. Both our companies have a strong and growing presence in Africa and EOH’s customer base in the local and international markets will expose us to significant new opportunities.
“We share a passion for entrepreneurship and technology with EOH, and we can see significant growth potential for our business and our people through this venture.”