IST Group has announced that it has acquired the business of asset management solutions provider MST (Pty) Ltd for an undisclosed amount. The deal is in line with the cash-flush technology group`s stated intention of extending the reach of its core operations through selective acquisitions.
MST uses high-technology software products supplied by its international principals to develop management programmes focused on areas such as work and asset maintenance and production scheduling for clients with capital-intensive fixed assets, particularly large manufacturing and mining companies. The Pretoria-based company, founded in the 1980s, has an extensive customer base with more than 3 000 users at over 80 sites across Africa.
IST executive director Hannes Visagie said MST had a sound track record, a strong client list and access through its principals to advanced software products. Its relationship with companies such as MRO Software, Intermat and Rockwell Automation also includes project consultation, training and implementation.
"Like most of IST`s existing businesses, MST is essentially a value-adding integrator and adaptor of sophisticated technologies derived from global industry leaders. We see a considerable synergy between MST and our other operations and with that the opportunity to develop this business`s full profit potential," Visagie said.
Share
Editorial contacts