Datatec acquires Anite for 11 million pounds
- 25 June, 1999 13:05
Anite Pacific ended weeks of speculation on Wednesday, announcing its 11 million pounds ($24.2 million) acquisition by South African channel giant Datatec.
The deal will see the Australian and New Zealand network integration business fall under Datatec's Logical banner. Both Anite and the CNI Group, which was acquired by Datatec in November last year, will be merged under the Logical brand sometime in the next three months.
The Anite acquisition moves the Datatec-owned integration group one step closer to establishing itself as the largest networking-focused integrator in the Asia-Pacific region.
Laurie Stevens, Anite's CEO, told ARN in an exclusive interview yesterday that both companies are excited about the deal despite some contractual difficulties which delayed the sale for weeks.
"Once you get the lawyers involved -- talk about dotting the 'Is' and crossing the 'Ts'!," he quipped.
Lyle Potgeiter, CNI's managing director, claimed that there was "virtually no overlap" between the two businesses.
"They are very WAN focused while we are solutions and integration focused," Potgeiter said.
According to Stevens, Anite will continue to provide network and support services and will retain all the existing management team.
Stevens will report directly to Logical's CEO Ricky Helms in the South African HQ.
Potgeiter played down any potential management clashes or overlap.
"It is Datatec's philosophy that we need all the management talent we can get to run such a rapidly growing business."
He said he did not believe their would be any redundancies. "Again, this is a rapidly growing business. Why would we need to make people redundant?"
The combined organisation now has more than 450 employees and annual revenues in excess of $200 million.