Huge has acquired a controlling stake in Pansmart, an authorised distributor of Panasonic’s voice, video and CCTV products in South Africa, for an undisclosed amount.
The company said the acquisition will take effect on 13 May 2019.
Pansmart will retain its present, well-established brand.
Going forward, its branding will incorporate its status as a member of Huge Group.
Pansmart is a strong challenger in the South African PABX market, having been granted a distribution licence by Panasonic in 2016.
Since then, Pansmart has expanded the Panasonic market share significantly, with a full technical and sales competency.
The hybrid PABXs that Pansmart distributes include embedded analogue voice ports which provide simple and cost-effective PABX and GSM Voice solutions.
Pansmart’s Panasonic PABX and Huge Telecom’s GSM-based Full Suite Telephony offering is a powerful connectivity combination.
This is a second transaction of the year for Huge and the company said the acquisition furthers the delivery of the ‘Growing Huge’ Strategy by expanding Huge Telecom’s real estate of customers.