Zimbabwe’s Tano Digital Solutions Group has bought regulate of South African-headquartered IT corporate, Altron Botswana and Altron Mozambique.
The transfer has set the guidelines generation verbal exchange corporate on a trajectory to change into some of the largest tech firms within the area.
Wallen Mangere, Tano managing director, recommended the new acquisitions, announcing the transfer aligned with the corporate’s imaginative and prescient of growth in Sub Sahara.
Tano bought Altron Botswana and Mozambique in November ultimate yr with the corporate’s flip over after the transfer is predicted to be over part one billion rand.
“Tano took over the Botswana and Mozambique business on 1 November 2022 after approval by the competition authorities in both countries,” Mangere mentioned.
Altron is a Johannesburg Stock Exchange (JSC)-listed corporate with a marketplace capitalisation of just about R4 billion and is without doubt one of the greatest generation firms in Africa with an immediate presence in South Africa, the Middle East and Europe.
Altron supplies leading edge answers throughout a variety of verticals, which deal with demanding situations going through communities in South Africa and past.
“The takeover of Altron gives Tano regional presence. It also gives Tano a strong presence in the financial services sector, especially in Botswana and Mozambique where all the major banks are now our customers,” Mangere mentioned.
“The acquisition brings new product offerings in the form of various OEM partnerships like Oracle NCR, CISCO, XEROX. Tano immediately becomes one of the larger IT companies in the region.”
As a part of the 2023 technique, Mangere mentioned they have got now became their consideration to East and Central Africa.
“Our need is to be a regional generation powerhouse as we keep growing and input new markets.
“We are these days taking a look at two or 3 different acquisitions in East and Central Africa as we pursue our growth ambitions.
” We hope we will be in three additional markets by the end of 2023.”
The crew’s finance director, Tanaka Pasipanodya, added that, “The wealth of experience that resides in our staff and management has been key to the success of our organisation.”
Digital Solutions Group is an entirely Zimbabwean-owned and controlled corporate.
Author: New Zimbabwe