DTC
DTC
DTC - Datatec Limited - Westcon acquires it security distributor entrada
Kommunikations
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
WESTCON ACQUIRES IT SECURITY DISTRIBUTOR ENTRADA KOMMUNIKATIONS
Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and
Communications Technology (ICT) group, announces that its subsidiary Westcon has
agreed to acquire entrada Kommunikations GmbH ("entrada"), a German based, value
added distributor of IT security products and provider of sales support and
training services. The consideration is not disclosed and will be settled
entirely in cash from Westcon`s resources. The transaction is still subject to
cartel clearance.
This acquisition enhances Westcon`s German presence and, with entrada`s Swiss
operations, allows Westcon to expand into a new geography to better service its
pan-European customers` needs.
Founded in 1996, entrada is the second-largest value added distributor of
security products in Germany - with a portfolio of solutions that includes Trend
Micro, McAfee, Juniper and Riverbed. Since its founding, entrada has grown to
achieve annualised revenues of over Euro63 million. It will now form part of
Westcon`s European Security operations.
Jens Montanana, Datatec`s Chief Executive commented:
"The acquisition of the second largest security distributor in Germany allows
Westcon to significantly penetrate Europe`s biggest economy and gives its
European Security division a wider geographic footprint to better service its
customers` requirements.
"entrada`s complementary vendor portfolio further strengthens Westcon`s security
offering in Europe, bringing significant possibilities for cross selling into
both customer bases."
Enquiries:
Datatec Limited (www.datatec.co.za)
Ivan Dittrich - Chief Financial Officer +27 (0) 11 233 1221
Wilna de Villiers - Group Marketing +27 (0) 11 233 1013
Manager
Jefferies International Limited
Chris Snoxall +44 (0) 20 7029 8000
College Hill
Adrian Duffield/Rozi Morris (UK) +44 (0) 20 7457 2020
Frederic Cornet (SA) +27 (0) 11 447 3030
13 July 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/07/2011 08:00:01 Produced by the JSE SENS Department.
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