DTC
DTC
DTC - Datatec Limited - Logicalis Acquisition Expands HP Enterprise
Technology And Services Capabilities In Southeast USA
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
Logicalis acquisition expands HP enterprise technology and services capabilities
in southeast USA
Datatec Limited ("Datatec", JSE and LSE: DTC), the international Information &
Communications Technology (ICT) group, has acquired from Carotek, Inc. its
Information Technology Division (Carotek ITD), based in Matthews, North Carolina
for $6.9 million to be settled by $3.4 million in cash and the issue of 624,092
new ordinary ZAR0.01 shares in Datatec. The vendors have entered into a
restriction over selling these shares.
Carotek ITD will be integrated into the US operations of Logicalis, Datatec`s
international provider of integrated ICT solutions. The acquisition will
increase Logicalis` presence in the Carolinas, Georgia, Alabama, Tennessee and
Florida while strengthening its ability to service HP business accounts. The
acquisition of Carotek ITD will add approximately 30 staff members and increase
Datatec`s annual revenue by an estimated $25 million and increase annual EBITDA
by approximately $1.5 million. Carotek ITD has been acquired free of cash and
debt.
Application has been made to the London Stock Exchange for the admission of the
624,092 ordinary ZAR0.01 shares to the Alternative Investment Market, and to the
JSE Limited for the listing of these shares. Listing on both exchanges is
expected to become effective on 8 June 2007.
Jens Montanana, Chief Executive of Datatec:
"As a leading HP enterprise systems partner both in the US and abroad, Datatec
is committed to supporting Logicalis` development of its HP business and in
delivering the best solutions around server consolidation and virtualisation,
email management and archiving, enterprise management and managed services.
This acquisition furthers our geographic reach into the southeast of the US and
increases our sales and technical talent pool around HP enterprise products and
services."
Datatec Limited (www.datatec.co.za)
David Pfaff, Group Finance Director +27 (0) 11 233 1221
Wilna de Villiers, Group Marketing Manager
College Hill
Adrian Duffield/Corinna Dorward (UK press) +44 (0) 20 7457 2020
Nick Williams (SA press)
Note to editors
Datatec is an international Information & Communications Technology (ICT) group
focused on the supply of advanced ICT and the delivery of professional services
into the higher growth segments of the global market. The Group`s main lines of
business comprise the global distribution of advanced networking and
communications convergence products (Westcon), IT infrastructure solutions and
network integration (Logicalis) and strategic telecommunications consulting
(Analysys Mason Group). Datatec is registered in South Africa and its shares are
listed in Johannesburg and London. The Group has 2,500 employees around the
world.
In the year to 28 February 2007, the Group reported an increase in revenue of
17% to $3,168 million (2006: $2,715 million), operating profit increased 45% to
$100 million (2006: $69 million), and headline earnings per share grew to 40.80
cents (2006: 26.9 cents).
Logicalis (www.logicalis.com) is a global provider of high-performance
technology solutions. With over 1,300 people worldwide, Logicalis delivers smart
solutions based on specific needs, not the latest IT trend. Logicalis provides
options, direction and support to more than 5,000 corporate and public sector
customers. The company contributes its success to the everyday positive
experiences with its customers and strategic partners such as IBM, HP, Cisco and
EMC.
Date: 04/06/2007 08:01:03 Produced by the JSE SENS Department. |