News Formal

Major South African software company’s sale to US investor approved

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The US investor announced that it had signed a deal to invest and acquire a majority stake in Syspro in August.

The Competition Commission has approved Advent International-owned Safari UK Holdco Limited’s proposed deal to acquire Syspro, with conditions.

However, it noted various conditions. Safari must not retrench any Syspro staff as a result of the merger within two years of the implementation date. The ERP software helps automate and integrate business processes, including scheduling operations and recording inventory and financial data. Advent International director Douglas Hallstrom said Syspro had been a target for the company for some time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Major South African solar company begins liquidationHohm Energy has gone from business rescue to filing for voluntary liquidation.
Source: mybroadband - 🏆 11. / 67 Read more »