International tech company, Datatec has increased its offer for 100% of Comztek from R97million to R101million.
Datatec decided to increase its offer for the South African company after completing its due diligence process in relation to the original conditional offer.
Datatec in a statement revealed that consideration will be settled partly in cash and partly by the issue of shares.
The offer is now subject only to contract, governmental, regulatory and commercial approvals and is conditional upon Mustek (which owns 48% of Comztek) continuing to provide support to Comztek in the form of parent company guarantees, consistent with past practice, until the completion of the transaction.
Comztek focuses on four areas- Networks, Security & Storage, Software Infrastructure and Consumer Electronics. The company distributes products in key technology areas and has a support pool of skilled, vendor-certified sales staff, product managers and technical specialists.