DTC 201706200002A
Logicalis to acquire a majority stake in Packet Systems Indonesia
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
Logicalis to acquire a majority stake in Packet Systems Indonesia
Datatec Limited ("Datatec”), the international Information and Communication Technology (ICT) group,
announces that its subsidiary Logicalis Group Limited (“Logicalis”), and its Indonesian partner
Metrodata, have agreed to acquire a majority stake in Packet Systems Indonesia (“PSI”), a leading ICT
systems integrator and service company. PSI will be integrated with Logicalis Metrodata Indonesia
(“LMI”), the existing Indonesian operation of Logicalis.
PSI is a Cisco Gold Partner specialising in data centre, collaboration, information security solutions as
well as Service Provider & Enterprise Network. Established in 2004, PSI has built a strong business in
the telecommunications (“telco”) sector.
PSI’s 2016 revenues were $77.4 million and profit before tax was $4.9 million. Net assets at 31
December 2016 were $11.1 million and PSI has 240 employees.
The acquisition will be effected by Logicalis acquiring 54% of PSI and Metrodata acquiring a 14%
shareholding. The remaining 32% will continue to be held by PSI management shareholders. The total
consideration payable by Logicalis will be $6.8 million in cash funded from Logicalis’ existing bank
facilities.
The Indonesian telco sector is the fourth largest in the world and the ICT market is continuing to show
strong growth. The transaction will bring additional scale and new customer relationships to Logicalis’
Indonesian operation and provide an opportunity to leverage PSI’s telco skills and experience in other
Logicalis locations across the region. Logicalis’ newly established Security Managed Service practice in
the Asia Pacific region, based out of Singapore, will support new service offerings to customers in
Indonesia.
Through this transaction, PSI will also bring its own portfolio of digital solutions and services to existing
and new customers, in both the telco and enterprise markets, such as Internet of Things, software
defined technologies and data analytics.
Jens Montanana, Datatec Chief Executive Officer, commented:
“This acquisition is strategically important for Logicalis as it will serve to enhance its
operations beyond Indonesia and across the Asia Pacific region. Blending Logicalis’
methodology and experience with PSI’s scale and customer reach will bring wider scale
and customer relationships across a number of high growth regional markets.”
The transaction is expected to close in the third calendar quarter of 2017.
Enquiries:
Datatec Limited (www.datatec.co.za)
Jens Montanana, Chief Executive Officer +44 (0) 1753 797118
Ivan Dittrich, Chief Financial Officer +27 (0) 11 233 3301
Wilna de Villiers, Group Investor Relations +27 (0) 11 233 1013
Jefferies International Limited – Nominated Adviser and Broker
Nick Adams/Simon Hardy +44 (0) 20 7029 8000
Instinctif Partners
Frederic Cornet/Pietman Roos (SA) +27 (0) 11 447 3030
Adrian Duffield/Chantal Woolcock (UK) +44 (0) 20 7457 2020
20 June 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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