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DiData to acquire Datacraft to service Asia

DiData to acquire Datacraft to service Asia

DiData looks to consolidate in preparation for tough times by purchasing remaining $400 million of Datacraft shares

Dimension Data will become the sole owner of Asian subsidiary, Datacraft

Dimension Data will become the sole owner of Asian subsidiary, Datacraft

Dimension Data is set to become the sole owner of Asian subsidiary, Datacraft, after an offer to buy the remaining 44.9 per cent of shares the integrator didn't own was accepted by shareholders.

DiData’s national sales and services director, Dave D’Aprano, said Australian customers and partners would benefit as the integrator had noticed an increase in businesses that wanted service across the region.

“Wholly owning Datacraft will increase our ability to service clients across the region,” D’Aprano said. “We already shared some systems, but now it will be easier to move intellectual property across the group, and it will be easier for us to leverage the work that Datacraft does.”

The transaction, which is still to be approved by the Singapore Court, was effected through a Scheme of Arrangement with DiData paying $US1.33 per share for a total cost of about $400 million ($US276 million).

D’Aprano said the long association the two integrators have had over 11 years - with DiData the majority shareholder of Datacraft - meant no structural changes to management needed to be made.

“I see things toughening up, but we expect the strong demand for managed services and solutions to continue,” D’Aprano said

“There will be further consolidation in the market, and we’d rather be a consolidator than consolidated."


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