AltX-listed Simeka Business Solutions Group has acquired a majority stake in Microsoft specialist Mint, for an undisclosed sum. The acquisition is effective from 1 December last year.
This morning, Mint MD Grant Hodgkinson declined to reveal the extent of the stake, as discussions were under way that could see that holding increase. Simeka said it acquired this majority stake by buying out Mint's former majority shareholder, NOUS.
Mint will now become the repository for Simeka's Microsoft skills.
However, Hodgkinson confirmed the intentions of Simeka CEO Mohammed Varachia, to acquire further entities to populate the Microsoft business, were still in place.
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