Johannesburg, 23 Aug 2012
In line with multinational Siemens AG's stated objective of exiting the global IT services market, Siemens has sold 100% of Siemens IT Solutions and Services South Africa to EOH, subject to regulatory approval. This followed an extensive process by Siemens to determine the best possible partner to service its existing South African client base and look after its employees.
Siemens IT Solutions and Services' business focus is to support, organise and provide technology-based services to clients in the public and private sectors.
In terms of the agreement, EOH will take over the total operations of the company, including all personnel. This acquisition will further enhance EOH's service offering in its managed services operations and application practices in the public and private sectors.
EOH is listed on the JSE with annual compounded revenue growth in excess of 40% per annum and was ranked the fourth best-performing company on the JSE by the Financial Mail. EOH is the largest applications practice in South Africa and a leader in managed services, cloud services and outsourcing in southern Africa.
EOH employs more than 4 700 people, of whom 57% are black, has more than 2 500 large clients, and offers solutions to its wide range of clients across all aspects of information technology in the areas of IT services and solutions, applications, infrastructure, managed services and outsourcing. EOH has a level 3 BBBEE rating, with 37.4% of its shares owned by black shareholders.
Siemens has been active in South Africa for more than 150 years and employs approximately 2 000 people. The company continues to play an important role in the country's infrastructure, economic and social development. Siemens offers a wide range of solutions and services in South Africa, where its Industry, Infrastructure & Cities, Energy and Healthcare sectors occupy leading positions. These Siemens business sectors are unaffected by the deal.
"We are delighted to be chosen by Siemens to take over its IT operations in South Africa and we will endeavour to provide great and valued services to its clients," says Asher Bohbot, CEO of EOH.
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