CHA nabs Datamatic distribution arm

CHA nabs Datamatic distribution arm

It's amazing the difference a well-to-do investment banker makes to the aspirations of a fledgling entrepreneurial company.

After acquiring Melbourne-based distributor CHA earlier this year, Trifocus (now known as CHA) has now mustered enough cash to buy out the Australian distribution arm of New Zealand-based Datamatic.

Without divulging how much money was needed to acquire Datamatic, CHA's director of sales and marketing, Roger Bushell said the new Datamatic/CHA distribution conglomerate would now be worth about $8 to $10 million.

Bushell said the Datamatic buyout gives CHA a strong distribution foothold in both Sydney and Melbourne.

And it seems CHA isn't finished on the acquisition front. Bushell pre- dicted that a major disk drive distributor outside Melbourne and Sydney is next on its hit list.

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