AST E-business, a division of JSE-listed parent AST, has acquired the business of supply chain services company Xintergration for an undisclosed sum.
The combined entity will trade as Incito and aims to specialise in fourth-party logistics and e-fulfilment.
AST management says the new business has already secured contacts in excess of R60 million.
"The Internet has radically transformed the way corporations attract and retain their customers," says Stephen Bosman, director of AST eVentures.
"In addition, companies have underestimated the need for integration between the front-end Web applications and the back-end supply chain management systems."
In November, AST acquired Australia`s Gem Consulting for R150.8 million in cash as part of AST`s aggressive growth plan.
By 2pm today, almost R1.5 million worth of AST shares had traded hands at 311c, after opening at 310c.
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