StockMarketWire.com - Datatec subsidiary Westcon has agreed to acquire the business of PT Netpoleon, an Indonesian value added distributor of IT security, networking and convergence solutions and provider of managed and training services.
Prior to the acquisition, Netpoleon operated as a franchisee of Westcon Group in Singapore.
The consideration is not disclosed and will be settled with $1m worth of Datatec shares and the remainder in cash.
This acquisition builds on Westcon's presence in south-east Asia and gives Westcon its first significant presence in Indonesia, a large and fast growing market in the region.
It will enable Westcon to address its vendors' regional requirements and the needs of its multi-national customers more fully.
At 1:52pm: (LON:DTC) Digital Classics share price was -4.62p at 351.88p
Story provided by StockMarketWire.com
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