By Staff Writer
JSE and Nasdaq-listed tech firm Datatec announced on Tuesday that its subsidiary Logicalis and its Indonesian partner Metrodata have agreed to buy a majority stake in Packet Systems Indonesia, an ICT systems integrator and service company.
The tech firm said in a statement that Logicalis will buy 54% shareholding of Packet Systems Indonesia and Metrodata to acquire a 14% stake. The remaining 32% interest will continue to be held by Packet Systems Indonesia’s management shareholders.
Logicalis will pay R88.1 million ($6.8 million) in cash to buy the stake and will be funded from its existing bank facilities.
“This acquisition is strategically important for Logicalis as it will serve to enhance its operations beyond Indonesia and across the Asia Pacific region,” Jens Montanana, Datatec CEO, said in a statement.
“Blending Logicalis’ methodology and experience with Packet Systems Indonesia’s scale and customer reach will bring wider scale and customer relationships across a number of high growth regional markets.”
Packet Systems Indonesia will be integrated with Logicalis Metrodata Indonesia, the existing Indonesian operation of Logicalis.
Packet Systems Indonesia is a Cisco Gold Partner specialising in data centre, collaboration, information security solutions as well as Service Provider & Enterprise Network.
Established in 2004, PSI has built a strong business in the telecommunications sector and in 2016 generated $77.4 million in revenues $4.9 million in profit before tax.
The company employs 240 people.
The Indonesian telco sector is the fourth largest in the world and the ICT market is continuing to show strong growth.
The transaction will bring additional scale and new customer relationships to Logicalis’ Indonesian operation.
Through this transaction, PSI will also bring its own portfolio of digital solutions and services to existing and new customers, in both the telco and enterprise markets, such as Internet of Things, software defined technologies and data analytics.