Datatec seeks Kiwi suitor after Anite buyout

Datatec seeks Kiwi suitor after Anite buyout

Acquisition-hungry Datatec has revealed it is on the prowl for another Kiwi business, just weeks after announcing plans to buy Anite's Australian and New Zealand operation.

Datatec has agreed to buy Anite Pacific for almost $25 million, a move that follows its CNI acquistion late last year.

Lyle Potgieter, CNI group managing director and Datatec's agent in the deal, said talks are continuing with "multiple parties" as Datatec shops for a New Zealand business in the electronic commerce, software development and desktop platform markets.

"Anite gives us a wide area network business. We're looking to add to that in New Zealand, but we have no firm timetable," Potgieter says.

He said the company is after more e-commerce and software development skills in New Zealand only, but is not in a hurry.

"We want to get us the right business rather than do a deal [straight away]," he said.

Meanwhile, Anite Pacific's chief executive, Laurie Stevens, has confirmed the company will be renamed Logical within three months to adopt the same name as Datatec's worldwide network integration business brand.

Bruce Harvey, chief operations officer for Datatec in Australasia, said: "The acquisition will immediately propel Logical into a leadership position within network and systems integration companies in Australasia and will provide complete end-to-end network services to leading multinational organisations with offices in the region."

Datatec is a $US1 billion Johannesburg-listed company with 3000 employees. Last year it made a profit of $69 million.

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