EOH snaps up Aptronics for R194m

Johannesburg - South African IT services business EOH has acquired 100% of networking and infrastructure business Aptronics for R194m.

Aptronics provides high-end data centre and end-user computing space. The company has been running for 20 years and has a turnover in excess of R500m. Aptronics also serves over 200 large enterprise customers, according to a statement to shareholders from EOH.

EOH, in its Sens update, said the purchase price of R194m is payable over two years with 50% in cash and 50% in EOH shares.

“This enhances EOH’s existing service offerings and improves EOH’s capability in the high-end data centre and infrastructure space”, said Rob Godlonton, chief executive officer of EOH ICT Solutions, in a statement.

“Aptronics operates across all key industry verticals and already works with many of EOH’s existing technology partners,” said Godlonton.

EOH, which has been listed on the Johannesburg Stock Exchange since 1998, is among South Africa’s largest technology and knowledge services providers with around 11 000 staff.

The company delivers the likes of end-to-end enterprise applications solutions, outsourcing, cloud, managed services and business service offerings.

EOH’s move to acquire Aptronics also comes after a series of acquisitions.

In October last year, EOH acquired rail industry nerve centre business Mehleketo Resourcing Proprietary Limited which has a turnover of over R300m and about 350 employees.

EOH last year also acquired Construction Computer Software (CSS) for an undisclosed amount.

EOH’s share price on the JSE was up 0.33% on Thursday to R140.40.

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