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AYO Technology solutions acquires Kathea Communications
By Dieketseng Maleke
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ICT INVESTMENT group AYO Technology Solutions (AYO) today announced that it has fully acquired share capital and outstanding shareholder claims in Kathea Communications. The effective date of the acquisition was March 1.
In a statement, the group said AYO announced last year in August that it intended to acquire ownership of the communication group. AYO acquired Kathea Communications for a total purchase consideration of R90m.
Kathea Communications chief executive Peter Cowen said: “AYO already has good exposure to the communication and collaboration space with a track record of providing good support to their investments, and so I am very pleased to be able to combine our highly regarded excellence in this space with AYO’s well-funded strategic ambitions.”
South-africa
Howard-plaatjes
Peter-cowen
Technology-solutions
Headset-solutions
Logitech
Kathea-communications
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