DTC
DTC
DTC - Datatec Limited - Acquisition New Zealand Distributor
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
ACQUISITION OF NEW ZEALAND DISTRIBUTOR
Datatec ("Datatec" or the "Group", JSE and LSE: DTC), the international
Information and Communications Technology (ICT) group, is pleased to announce
the acquisition of Datastor (NZ) Limited ("Datastor"), a New Zealand ICT
distribution business.
The acquisition provides Datatec`s subsidiary Westcon Group with the opportunity
to add an additional operation in New Zealand to help consolidate its existing
business and create a market leading position that is complementary to Westcon
Group`s Asia Pacific distribution business. The cash consideration has been
funded from Westcon Group`s resources.
Datastor is a value-added distributor focusing on technology enablement and
distribution of storage and virtualisation products, solutions and services.
Datastor has alliances with more than 20 global technology vendors including
VMware, EMC, Seagate, APC, IBM and Juniper. The investment will also provide
Westcon Group with a platform to extend existing global and regional vendor
relationships through an increased customer footprint and market presence. For
the year ending 31 March 2010 Datastor has budgeted revenues of NZ$ 96 million
(approximately US$ 69 million).
Jens Montanana, CEO of Datatec commented:
"The Asia Pacific market has been the source of significant growth for Datatec
over the past decade. This acquisition allows Westcon Group to extend its reach
in the region and to service vendor demand by providing consolidated
distribution channels and cross border transactional capability for partners in
Asia Pacific."
Dave Rosenberg, CEO of Datastor commented:
"Westcon Group`s global reputation is very well regarded in the region and we
are confident that this transaction will result in substantially increased
support and solutions availability for Datastor`s customer base. Access to
Westcon`s global best practices in value added distribution gives Datastor
greater ability to grow our market share and to make alliances with new
technology vendors."
Sandton
01 October 2009
Enquiries:
Datatec Limited (www.datatec.co.za)
Ivan Dittrich - Group Finance +27 11 233 1221
Director
Wilna de Villiers - Group Marketing +27 11 233 1013
Manager
Jefferies International Limited
Chris Snoxall / Rupert Mitchell +44 (0) 20 7029 8000
College Hill
Adrian Duffield/Jon Davies (UK) +44 (0) 20 7457 2020
Fred Cornet / Hayley Crane (SA) +27 (0) 11 447 3030
Date: 01/10/2009 09:01:00 Produced by the JSE SENS Department.
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