Competition Commission approves Altron acquisition of iSPartners

Karabina is delighted to confirm that the Competition Commission have approved the acquisition by JSE listed company Allied Electronics Corporation Limited (Altron). Effective 3 September 2018 Karabina will be a separate business division within Altron. It will be business as usual for all staff in iSPartners, Karabina and Zetta for the foreseeable future.

Commenting on the approval, Altron Group Chief Executive Mteto Nyati said, “The approval clears the way for Altron to offer customers choice in leading cloud computing and data analytics platforms. Within Altron, Karabina will be a separate division focused on Microsoft and Zetta Business Solution will be integrated into Altron Bytes Systems Integration (BSI)”.

“This acquisition and opportunity allows us to grow in line with our 2020 strategic plan and will accelerate our growth strategy. It will enable us to become a more inclusive and impactful South African company”” says Grant van der Wal, CEO of iSPartners. “We believe that both parties are committed to a joint vision of growing a Microsoft capability within One Altron, creating more relevance for Karabina and Altron, and ultimately more opportunity for everyone. We are committed to this vision and intention”.

Please contact us if you have any queries regarding this announcement.

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