JSE-listed MICROmega Holdings is looking for more acquisitions to bolster its product offering.
This emerged after the company acquired Centurion-based Aspirata in a R41.8 million deal last week.
MICROmega's businesses are primarily focused on the provision of support services, information technology, and financial services.
Aspirata, formerly a subsidiary of Aurecon SA, conducts nearly 1 700 real-time, Web-based and computerised audits a month and operates extensively in the food safety and microbiological laboratory testing sectors.
MICROmega believes the acquisition will complement and enhance the risk management, training, consulting and auditing services provided by its subsidiary, NOSA.
The company's headline earnings per share for the year to March jumped to 101.3 cents compared with 62.9 cents in the 15 months to March last year. The company changed its year-end from December to March.
Boasting a gain of 1 223% over the past five years, MICROmega is one of the top performing stocks on the JSE.
With its revenue breaching the R1 billion mark in March, up from R907.5 million for the previous 15 months, MICROmega says it is looking to make more acquisitions to expand its product offering.
In October last year, the company bought Rdata, which provides enterprise management systems to local government, for R12.57 million.
Earlier in 2014, MICROmega also concluded an agreement to acquire a 55% stake in Freshmark Systems, a provider of information management systems designed for South African fresh-produce markets.
"The Aspirata services will dovetail perfectly with those of NOSA, which currently does not provide training or auditing in these areas," says NOSA Global Holdings CEO, Duncan Carlisle.
"By incorporating Aspirata's skills into the extensive and internationally recognised NOSA infrastructure, we can fully attend to issues around food safety management, which is fast becoming a major global industry and an area of risk that needs constant and urgent addressing."
Shannon Vermaak, corporate communications manager at MICROmega, says following the acquisition, the Aspirata business will remain autonomous while client integration will be managed at executive level.
"There will be no staff changes or management changes," she adds.
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