Regulators approve Convergence Partners acquisition of Datacentrix

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Both ICASA and the Competition Commission have given their approval for Convergence Partners to buyout Datacentrix.

With approval now given, the acquisition will proceed, but no buyout price has officially been shared.Datacentrix. It also noted at the time that it would need to wait for regulatory approval before it could move forward with any deal, per

While it is being bought out, it looks like there will be little change in terms of operations or indeed who will be running the company. “Datacentrix’s roots are firmly planted in South Africa and has ambitions to continue expanding its reach further into the continent and beyond. We look forward to continuing the Datacentrix success story well into the future. The Group is well poised to deliver unparalleled value to its broad client base across Africa and the Middle East,” he continued.

 

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