Logicalis UK&I has acquired Q Associates, one of the UK’s leading IT consultancies services, as part of its strategy to expand its expertise in digital infrastructure.
Logicalis UK&I is a wholly owned subsidiary of Datatec, a South African multinational technology group led by businessman Jens Montanana.
The news comes after Datatec sold its management consulting business for R4.12 billion ($252 million) to UK fund manager Bridgepoint Development Capital.
The acquisition, which provides IT consultancy services for data management, protection, compliance, and information security, aligns with the group’s strategic growth plans.
Montanana, Datatec’s CEO, commented on the transaction, which is subject to regulatory approval, stating that it will broaden Logicalis UK&I’s reach and add value to customers across industries.
“The acquisition of Q Associates will extend the reach and skills of Logicalis UK&I, underlining our commitment to grow and provide increased value to customers across all sectors, especially higher education and government secured services,” he said.
According to a press release obtained by Billionaires.Africa, the transaction complements Logicalis UK&I’s core expertise in digital infrastructure, networking, and cloud, enabling a broader portfolio of best-in-class solutions and services for customers operating in a digitally enabled world.
Datatec is a South African provider of ICT services, specializing in software and cloud computing solutions such as Infrastructure as a Service and Software as a Service.
The ICT services company has expanded to more than 50 countries across North America, Latin America, Europe, Africa, the Middle East, and the Asia-Pacific under the leadership of Montanana, who founded the group in 1986 and owns a significant 11.98-percent stake in the group.
The multinational technology group sold its management consulting business Analysys Mason to Bridgepoint Development Capital for R4.12 billion ($252 million) more than a month ago in a move to unlock value from its investments in the technology industry.
As of press time, Datatec shares were trading at R44 ($2.64) per share, 25 basis points lower than their opening price on the local bourse this morning, giving the group a valuation of R9.78 billion ($588 million).
Montanana’s position in the company is valued at R1.17 billion ($70.4 million).