Logical flogs French ops to MBO team
Not enough critical mass
Logical, the Datatec-owned networking equipment reseller, is flogging its French ops to an investment constortium including the current management. Terms are undisclosed.
In a statement Datatec and Logical Group chief executive Jens Montanana said the disposal was consistent with Logical's decision to concentrate on countries where it has critical mass.
"Logical is concentrating on areas where it has demonstrable differentiation, rather than be distracted by activities which require disproportionate investment and management time,".
Datatec is a South African-owned business which says it is divesting itself of what it terms non-core operations. Click here for some background on recent financial performance. ®