The recent move by the Business Connexion Group (BCX) to acquire several business units under the listed UCS umbrella opens up a new window of opportunity.
The deal, which is now officially accepted, was under consideration by relevant shareholders and South Africa’s Competition Commission.
Business Connexion has acquired specific UCS services businesses, including Accsys, CEB Maintenance, Destiny E-Commerce, UCS Solutions and UCS Technology Services at a purchase price of about R614 million (about $89.6 million)
Business Connexion Group claims the deal will create SA’s largest publicly traded information and communications technology company.
Teryl Schroenn, CEO at Accsys confirmed that the incorporation of Accsys as part of the deal represents a new chapter in the company’s growth and its presence in the market.
“We are encouraged by the move. It provides a strong platform for the emergence of a substantially large publicly traded ICT firm. The group has a powerful offering and a service delivery model that continues to achieve success. Our objective is to ensure that we transfer the value of this to our clients,” says Schroenn.
Schroenn points out the solid reputation and established presence that Business Connexion enjoys and believes that this increases the credibility of the business consortium.
“We will seek out new opportunities to engage existing and emerging markets and use the reliability of this platform to increase value-add to clients,” says Schroenn.
By: Staff Writer