, founder and CEO of KID Group, says: “The KID Group’s investment in SaltTech through our wholly owned subsidiary ITBusiness is an important building block in our strategic planning for growth. We are, broadly speaking, a data enablement group of companies and SaltTech complements our vision and purpose excellently.
“What is very important in a transaction such as this is that the two companies have a cultural fit and share the same business values. These cornerstones are in place and will add value to both organisations going forward,” van Aswegen notes. “I welcome the SaltTech team to the KID group of companies and trust this will be a fruitful and mutually beneficial business relationship to both companies.
“Essentially, we are a bunch of specialist DBAs, but we boast some of the most highly qualified and experienced technical skills in the local market. Our team has learnt from and gained experience working on highly demanding projects and technically challenging systems which they have had to architect, implement and maintain,” Loots says.
Loots says the acquisition will allow both SaltTech and KID Group to grow their market shares and service offerings. Bringing SaltTech into the KID family will also give SaltTech access to extended expertise and sales and administrative resources to support its growth., director of ITBusiness, says the long-anticipated acquisition has been met with great enthusiasm from in his team.