Story image

Westcon parent warns of significant transaction ahead

30 Jan 2017

Datatec, the South African owners of Westcon Group and Logicalis, has announced it is in negotiations for a significant transaction, leading to suggestions Westcon-Comstor is about to join the growing list of distributors changing hands.

International reports have pegged Westcon-Comstor as the most likely of Datatec’s businesses to be up for sale, however, the company also has integration and managed services business Logicalis and consulting and research company Analysys Mason in its stable.

The cautionary announcement says the ICT solutions and services group company ‘has entered into negotiations in relation to a transaction by the company, which if successfully concluded, may have a material effect on the price of the company’s shares’.

Shareholders are advised to ‘exercise caution when dealing in their Datatec shares until a further announcement is made’.

No further details were given with the company noting that it won’t be issuing its usual voluntary interim management statement at this time.

Datatec has more than 8500 employees across 70 countries.

Should suggestions of Westcon-Comstor being the target be accurate, it would join the growing list of major disties changing hands in recent times.

Last year Ingram Micro was acquired by HNA Group , with Avnet TS also being acquired, by Tech Data.

Gold Coast launches Australia’s largest city LoRaWAN network
The network is being made available for commercial use and the deployment of wide-ranging IoT applications.
Leopard Systems win dual Zebra Tech partner awards
Leopard Systems was recognised as Zebra’s highest performing APAC Partner Of The Year and APAC Service Partner Of The Year.
IDC: Semiconductor market declines after three years of growth
However, it says that semiconductor revenues will recover in 2020 and log a compound annual growth rate (CAGR) of 2.0% from 2018-2023.
D-Link hooks up with Alexa and Assistant with new smart camera
The new camera is designed for outdoor use within a wireless smart home network.
Virtustream launches new services for cloud applications
The new suite of professional and managed services expands Virtustream’s enterprise application and services solutions.
Secureworks Magic Quadrant Leader for Security Services
This is the 11th time Secureworks has been positioned as a Leader in the Gartner Magic Quadrant for Managed Security Services, Worldwide.
Datto expands A/NZ presence with Sydney office
This investment will enable Datto and its partners to continue to grow and address the IT needs of small and medium businesses (SMBs) in the region.
Google puts Huawei on the Android naughty list
Google has apparently suspended Huawei’s licence to use the full Android platform, according to media reports.