Dual-listed Datatec has bought out the 33.1% of the Westcon business in Africa that it did not already own.
The deal does not affect its South African Westcon unit, which remains empowered through a 26% ownership stake held by the Mineworkers Investment Company.
Datatec says the aim behind the move is to “achieve full ownership of the African businesses in the Westcon group”. Datatec has bought out two minority shareholders and increased its stake on 23 May, it says.
Datatec's strategy is to enhance its geographic presence and increase scale, although deals will not be “blockbuster” in size.
International Technology Distributors, which had a 15.9 % share in Westcon Africa, will be paid $2.45 million, which will be covered in shares and a deferred cash payment based on targets.
Mr and Mrs Paul Moser, who own 17.2%, will receive $2.65 million in shares and a deferred cash payment.
Westcon provides unified communications, network infrastructure, data centre and security solutions with a global network of specialty resellers. It is headquartered in the US and is present in 40 countries on six continents.
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