South Africa's largest channel company is changing its name from PQ Holdings (Persetel Q Data Holdings) to Comparex Holdings.
The change will take place officially on 16 November and is designed to reflect the international flavour of the group's activities, the company said.
PQ Holdings was created just over a year ago through the merger of Persetel and Q Data.
In 1996, Persetel acquired 40 per cent of Hitachi's European distributor Comparex Informationsysteme, until then owned totally by German chemicals giant BASF.
In 1997, the company acquired majority positions in Telemation and Kryptokom (Germany), Comtech (Belgium and Luxembourg), Nomea (France) and Datelec (Switzerland).
In 1998, PQ Holdings purchased the European operations of US based Anixter Communications (ACI), adding further to its networking capabilities in Europe. ACI had operations in the UK, Holland, Italy, Ireland, Spain and Sweden.
PQ Holdings also took control of Comparex by increasing its stake from 40 to 75 per cent.
Comparex Holdings will receive secondary listing on the London and Frankfurt stock exchanges next year.
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