Aptronics’ core business is in the high-end data centre and end-user computing space and its services include: networking, virtualisation, servers, storage and infrastructure solutions. Aptronics has been in business for over 20 years with turnover in excess of R500 million and over 200 large enterprise customers.
The purchase price is R194 million, payable over two years by way of 50% in cash and 50% in EOH shares, subject to profits warranted. Aptronics warrants a cumulative profit after tax (PAT) of R65 million over two years.
Anil Pema, CEO of Aptronics, believes that in joining EOH, Aptronics can bring a much wider range of value-adding solutions to its existing customer base, complementing its existing services.
“EOH is very excited to have Aptronics join our organisation. Aptronics is a recognised leader in its field, it has a strong management team and a skilled employee base. This enhances EOH’s existing service offerings and improves EOH’s capability in the high-end data centre and infrastructure space”, says Rob Godlonton, CEO of EOH ICT Solutions.
“The cultural fit and shared value systems of EOH and Aptronics made EOH a natural home for our organisation”, says Pema.
“Aptronics operates across all key industry verticals and already works with many of EOH’s existing technology partners. Our combined value proposition will strengthen our relationships with both our joint customer base and our technology partners”, concludes Godlonton.
“Joining the broader EOH platform enables Aptronics to reach many more customers, expand geographically and enhance its delivery capacity. Our staff are fully on board, management is ‘fired-up’ and as an executive team, we are excited by this natural evolutionary step”, concludes Pema.
Due to its relative size, the acquisition falls below the threshold of a categorised transaction in terms of the Listings Requirements of the JSE Limited and its announcement is, therefore, voluntary.