DATATEC LIMITED - Voluntary announcement: Proposed acquisition of Spanish IBM Cognos Partner Lantares
19 May 2016 8:00
DTC 201605190009A
Voluntary announcement: Proposed acquisition of Spanish IBM Cognos Partner, Lantares

Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
(“Datatec” or “the Company”)


Datatec, the international Information and Communication Technology
(ICT) group, announces that its subsidiary, Logicalis Group Limited
(“Logicalis”), has agreed to acquire Lantares S.L. (“Lantares”), a
Spanish IBM Cognos Partner and professional services provider
specialising in Business Intelligence and Data Analytics.

Lantares is a leader in the implementation of strategic solutions for
corporate performance management and information management, both on-
premise and cloud-based. Lantares had revenues of €4.1m in the year
ended 31 December 2015 and employs over 40 staff, the majority of whom
are based in Madrid. The acquisition will add an attractive skill set
to Logicalis’ strong IBM solutions credentials in Spain.

Jens Montanana, Datatec's Chief Executive Officer commented:

"This acquisition of Lantares adds an important skill set to Logicalis
Spain’s services operations by enhancing our IBM offering.”


Datatec Limited (
Jens Montanana – Chief Executive Officer      +44 (0) 1753 797118
Jurgens Myburgh – Chief Financial Officer     +27 (0) 11 233 3301
Wilna de Villiers –Investor Relations Manager      +27 (0) 11 233 1013

Jefferies International Limited – Nominated Adviser and Broker
Nick Adams/Alex Collins +44 (0) 20 7029 8000

finnCap – Broker
Stewart Andrews     +44 (0) 20 7220 0500

Instinctif Partners
Frederic Cornet (SA)     +27 (0) 11 447 3030
Adrian Duffield/Chantal Woolcock (UK)   +44 (0) 20 7457 2020

19 May 2016

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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