Edison Investment Research - Datatec Ltd. (10BN) Datatec - Siticom, an investment in 5G private networks

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Edison Investment Research

Richard Williamson

Datatec - Siticom, an investment in 5G private networks

Datatec’s IT services arm, Logicalis, has announced the acquisition of Siticom, an engineering consultancy based in Germany with specialist expertise in enterprise 5G systems integration, including next-generation public and private networks and internet of things implementation. Siticom has 130 staff and historic revenues of c US$24m. The consideration was not disclosed. For Logicalis, as well as strengthening its presence in Europe, the acquisition immediately makes it one of the few ITC groups with expertise in 5G systems integration, in line with the group’s strategy to develop its software and services proposition. Siticom will form the basis for a European hub for advanced networking integration around 5G and cloud-based network interoperability. Logicalis aims to expand these skill sets across the group.

02/06/2021 1 EN

Underlying

Datatec Ltd.

Datatec is an international information and communications technology (ICT) business with operations in over 60 countries across North America, Latin America, Europe, Africa, Middle East and Asia-Pacific. Co.'s segmental include: Westcon, which is engaged in the distribution of networking, security, and unified communications products and data center solutions; Logicalis, which is engaged in ICT infrastructure solutions and services; Consulting Services, which is engaged in strategic and technical consulting; Corporate, which is comprised of head office companies including Datatec Financial Services, a new capital/leasing business under development and consolidation adjustments.

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ZAE000017745 Johannesburg Stock Exchange South Africa

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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Datatec - Siticom, an investment in 5G private networks

Datatec - Operational focus drives H125 profit growth

Datatec - Better profitability across the board

Datatec - Encouraging H1 across all divisions

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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