Xpanse Investments has acquired a 12% equity stake in Khauleza IT Solutions.
In a statement, the companies say the current owners will reduce their ownership accordingly in relation to this transaction.
They add that Xpanse will assist Khauleza to grow a national network of SMEs that will manage equipment warrantees on behalf of customers in addition to rendering on-site remedial maintenance services for most leading computer, printer and peripheral brands.
Since its inception in 2003, Xpanse has mainly participated in mining, advertising, maritime transport and logistics.
"We've long been a believer in the unique linkages between information communication technology (ICT) and logistics," says Innocentia Motau, CEO at Xpanse and newly appointed director to the board of Khauleza IT Solutions.
"Partnering upstream with service and maintenance companies in ICT is even more important today in the dynamic marketplace in which we compete. This is a tremendous opportunity to enhance Xpanse's industry-leading portfolio of investments in maritime transport and logistics, while also strategically entering the ICT market," she adds.
Motau says her company looks forward to working with Khauleza, the management team, and all of its shareholders, including Mustek, to build on years of success and take Khauleza IT Solutions to greater heights.
"This transaction underscores the great value we and our partners created in establishing Khauleza IT Solutions and sets our company on the path for even greater achievements in the future. We are excited to have Xpanse as a partner. Its stature and acumen in business development and marketing on a global scale is unmatched," said Raymond Risk, MD of Khauleza.
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