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Datatec subsidiary Westcon Group has acquired the 33,1% interest in its African subsidiaries – excluding Westcon South Africa – which it did not already own.
Westson SA remains owned 74% by Datatec and 26% by its BEE partner, the Mineworkers Investment Corporation.
The rationale for the transaction is to achieve full ownership of the African businesses in the Westcon Group.
It was effected by agreement with the two minority partners in Westcon Africa: International Technology Distributors FZ and Mr & Mrs Paul Moser.
Datatec`s equity ownership of Westcon Africa will increase to 100% today (23 May 2012, the effective date of the transaction.