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Business acquisition for local telecoms provider

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ATEC Systems and Technologies, a national Cape-based IT service and
infrastructure provider for the local property industry, has acquired SA
Technologies for an undisclosed sum. This synergistic move by the
privately-owned ATEC sees it becoming major shareholder of the company which
specialises in fibre optic and CAT5 network installations, server room
setups, CCTV and access control installations.

"Among other service offerings, ATEC provides developers with the
infrastructure to technologically-enable properties of all sizes through our
proprietary e-State, e-Home and e-Secure product ranges. With its reputation
for quality coupled with its specialist service offering, SA Technologies
will enhance these ranges making them a welcome addition to the ATEC
family," says Gerhard Loots, CEO of ATEC Systems & Technologies.
Francois Geyser, SA Technologies spokesperson agrees. "This is an incredibly
exciting time in the telecoms industry in South Africa rivalled perhaps only
by the property industry. We confidently believe therefore that this joining
of expertise, proficiency, skill and experience will take us to the very top
of all network installation service providers."
Loots explains that, as a subsidiary company of ATEC, SA Technologies will
continue to operate as a separate entity within the ATEC group and will
continue to service its existing clients.
"Wired homes are the future particularly with the emergence of the triple
play value proposition of next-generation Internet carrying voice, data and
video. The local property market is becoming increasingly competitive and
developers are turning to companies such as ours to help differentiate their
developments through technology. We are already experiencing a marked
increase in demand for our products. This acquisition enables us to meet
that demand while delivering a level of quality that has become synonymous
with the ATEC name," concludes Loots.