Articles
Revenue improved across all units and the group keeps its guidance of at least $5.5 billion in full year turnover.
The Datatec subsidiary can now better address the needs of customers in Germany, Austria and Switzerland.
The deal will expand Westcon's presence in Latin America and strengthen relationships with key vendors.
The company now wholly owns its African units, apart from SA, which remains empowered.
The global group achieved its guidance of $5 billion turnover in the year to February.
The company pays $2.7 million to expand its presence in Australia.
The company's revenue will be in line with its full-year guidance.
The deal will be paid for through a combination of cash and shares.
Articles About Datatec (12)
Datatec CEO Jens Montanana increases his stake in the company to R2.5 billion through incremental share purchases.
The company reports revenue of $3.6 billion, down from $3.9 billion in FY24
The company aims to broaden international investor access, and grow and diversify its shareholder base.