Datatec Limited (DTC) - Acquisition
RNS Number : 7203Q
09 November 2012
9 November 2012
Logicalis acquires Cibercall in Colombia and Ecuador
Datatec Limited ("Datatec", "the Group" or "the Company", JSE/AIM: DTC) the
international Information and Communications Technology (ICT) group, announces
that its subsidiary Logicalis has acquired the Colombian and Ecuadorian
operations of Cibercall S.A. ("Cibercall", the "Acquisition"). The Acquisition
will be made by Logicalis' 60% subsidiary Promon Logicalis Latin America
Limited. The cash consideration has not been disclosed.
The Acquisition further builds Logicalis' presence in Latin America, combining
Cibercall's local market knowledge and strong customer relationships, with
Logicalis' existing ICT solutions portfolio, technical expertise and sound
financial position. Cibercall's main vendor partner is Cisco Systems, and this
acquisition strengthens the already strong Logicalis-Cisco relationship.
Cibercall's solutions portfolio includes implementation, support, training,
help-desk and managed services. Cibercall has 45 employees and achieved
unaudited revenues in excess of $12 million in its financial year ended 31
Jens Montanana, Datatec's Chief Executive commented:
"Cibercall's solution offering and skill base is highly complementary to
Logicalis' and we are delighted to have completed this transaction.
"This acquisition extends Logicalis' Latin American footprint and will enable
the business to pursue a broader range of commercial and telecoms customer
opportunities in the region. Notably, it also provides significant presence in
South America's third largest economy."
Datatec Limited (www.datatec.co.za)
Jens Montanana, Chief Executive Officer +44 (0) 1753 797118
Rob Evans - Chief Financial Officer +27 (0) 11 233 1221
Wilna de Villiers - Group Marketing Manager +27 (0) 11 233 1013
Jefferies International Limited - Nominated Advisor and Broker
Nick Adams/Alex Collins +44 (0) 20 7029 8000
finnCap - Broker
Tom Jenkins/Henrik Persson +44 (0) 20 7220 0500
Adrian Duffield/Jon Davies/Rozi Morris (UK) +44 (0) 20 7457 2020
Frederic Cornet/Lexi Ball (SA) +27 (0) 11 447 3030
This information is provided by RNS
The company news service from the London Stock Exchange
ACQDBBDBLUGBGDI -0- Nov/09/2012 07:00 GMT
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