DTC
DTC
DTC - Datatec Limited - Westcon acquires Indonesian it security and
networking distributor, Netpoleon
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec")
WESTCON ACQUIRES INDONESIAN IT SECURITY AND NETWORKING DISTRIBUTOR,
NETPOLEON
Datatec Limited ("Datatec", JSE/AIM: DTC), the international Information and
Communications Technology (ICT) group, announces that its subsidiary Westcon
has agreed to acquire the business of PT Netpoleon, ("Netpoleon"), an
Indonesian value added distributor of IT security, networking and
convergence solutions and provider of managed and training services. Prior
to the acquisition, Netpoleon operated as a franchisee of Westcon Group in
Singapore. The consideration is not disclosed and will be settled with $1
million worth of Datatec shares and the remainder in cash.
This acquisition builds on Westcon`s presence in Southeast Asia and gives
Westcon its first significant presence in Indonesia, a large and fast
growing market in the region. It will enable Westcon to address its vendors`
regional requirements and the needs of its multi-national customers more
fully.
Netpoleon has a portfolio of solutions that cover seven vendors and has been
operated by the current management team since it started business in 2000.
Netpoleon additionally provides customers with a broad array of services,
ranging from managed services and maintenance, to implementation and
training services. Netpoleon achieved unaudited revenues of $11 million for
the year ended 31 December 2011.
Jens Montanana, Datatec`s Chief Executive commented:
"Indonesia is a rapidly developing market economy with the fourth largest
population in the world. This move into Indonesia`s fast growing ICT sector
allows Westcon to expand its vendors` regional presence and better service
its customers` requirements.
"Netpoleons` vendor portfolio is complementary and the acquisition offers
opportunities for Westcon to expand into this market with its other vendor
solutions, bringing significant possibilities for quickly increasing the
market`s significance to Westcon."
Enquiries:
Datatec Limited
(www.datatec.co.za)
Ivan Dittrich - Chief Financial +27 (0) 11 233 1221
Officer
Wilna de Villiers - Group +27 (0) 11 233 1013
Marketing Manager
Jefferies International Limited - Nominated Advisor and Broker
Chris Snoxall +44 (0) 20 7029 8000
finnCap - Broker
Charlie Cunningham/Tom Jenkins +44 (0) 20 7220 0500
College Hill
Adrian Duffield/Rozi Morris (UK) +44 (0) 20 7457 2020
Frederic Cornet (SA) +27 (0) 11 447 3030
Sandton
16 February 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 16/02/2012 14:53:01 Produced by the JSE SENS Department.
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