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Datatec mops up Anite Aussie ops

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Internet Security Threat Report 2014

Datatec is extending its Anzac presence with the £10.8 million acquisition of the Australian and New Zealand networking integration businesses of Anite Group plc. The South African-owned IT company will fund the purchase through a private share placing. In November, Datatec paid "up to $25.9 million" for Aussie reseller CNI Group. Anite will receive £5.2 million cash on the completion of the deal, expected on June 29. And it will get the £5.6 million balance on loan repayment schedule. Anite has now sold all its networking integrator businesses. It now wants to be a pureplay IT services company. ®

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