Altron gets approval for Unisys Africa acquisition
Allied Electronics Corporation (Altron), has been informed by the Competition Tribunal of SA that the acquisition by its subsidiary Bytes Technology Group of 100% of Unisys Africa, from Unisys Corporation and a local empowerment company CyberKnowledge Systems Investments, has been unconditionally approved.
In conjunction with the transaction, Unisys and Bytes will conclude a five- year distributor agreement which allows for exclusive marketing, sale and support of certain Unisys products and solutions in selected sub-Saharan African countries with "preferred partner" status in certain others.
It is anticipated that the acquisition will provide the possibility for synergies and economies of scale for Unisys Africa's operations within the greater Bytes group.
Unisys Africa's longstanding relationship with public sector agencies is expected to enhance the efforts of Bytes' newly established Government Solutions division, Altron said.
Source: I-Net Bridge
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