Datatec has agreed to acquire leading Asia-Pacific Cisco-focused network integrator, NetStar for $19,8-million.
NetStar, with operations in Australia, Singapore, Taiwan, Malaysia, Hong Kong and mainland China, will become part of the Logicalis Group, Datatec`s ICT infrastructure solutions and service business.
"This earnings enhancing acquisition of this multinational business, with an excellent reputation, establishes a sizeable presence for Logicalis across South East Asia, China and Australia in one move," says Jens Montanana, CEO of Datatec. "In addition to now being able to provide our customers with wider international capabilities, NetStar provides the ideal platform for Logicalis to grow organically and by acquisition across the region."
NetStar forecasts revenues of $70-million, EBITDA of $6,5-million and EBIT of $4,3-million for the financial year to 30 June 2010.