EOH sells 70% of construction software business for R444m

📆 7/2/2019 8:15 AM
📰 BDliveSA

⏱ Reading Time:
29 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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

EOH has sold 70% of its Construction Computer Software business to RIB Software for R444.4m as part of a strategic partnership agreement with the German buyer.

EOH, whose shares are about 90% below their 2015 highs because of governance concerns, said it would use the cash proceeds mainly to reduce debt. The CCS group of companies provides cost and enterprise software solutions for the construction and engineering industries. The group’s flagship products are construction management platform Candy and enterprise management system BuildSmart.“RIB is specifically focused on the construction vertical and intimately understands what the clients in this sector want and as such represents a natural fit for CCS,” EOH said.

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:

Write Comment

United States United States Latest News, United States United States Headlines

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

Media24 and Terry Bell sued for R100m | IOL Business ReportLawyers representing Dr Iqbal Survé, chairman of Sekunjalo Holdings, have issued a summons for a R100m against Media24 and columnist Terry Bell. Nice😁 Nyweeee .....see the worry in their eyes....
Source: IOL - 🏆 46. / 51 Read more »

Business Live SubscriptionsHeheee Let it be something significant, as opposed to a petty distraction to what’s important for the country!
Source: BDliveSA - 🏆 12. / 63 Read more »