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EOH sells 70% of construction software business for R444m

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The technology group says the transaction is in line with its strategy to help its intellectual property and software-based businesses to expand internationally

For RIB, the deal gives it more users and the ability to strengthen its offering and diversify into new marketsEOH CEO Stephen van Coller. Picture: TREVOR SAMSON

The allegations have sent its shares plunging, wiping out more than R1.7 billion, or 37%, of shareholder equity so far this year, the bulk of which was shortly after Microsoft cancelled a contract with the company. However, Irnest Kaplan of Kaplan Equity Analysts, said the CCS sale was strategic and did not fit the description of non-core, peripheral asset as it boasted good clients and was profitable. them more users and the ability to strengthen its offering and diversify into new markets.

 

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EOH sells 70% of construction software business for R444mThe technology group says the transaction is in line with its strategy to help its intellectual property and software-based businesses to expand internationally
Source: BDliveSA - 🏆 12. / 63 Read more »

EOH sells 70% of construction software business for R444mThe technology group says the transaction is in line with its strategy to help its intellectual property and software-based businesses to expand internationally
Source: BDliveSA - 🏆 12. / 63 Read more »