Systems integrator Comparex has sold off its European networking businesses to fellow South African company Dimension Data.
The deal, worth R8.1 billion ($160 million), does not include Comparex' international storage, open systems, enterprise, consulting or security businesses, or any of its South African operations, executives explained.
Comparex merged with another South African company, Persetel, over a year ago, and in South Africa at least, Persetel and Didata remain strong competitors.
Graham Hardy, vice president of marketing at the UK arm of Comparex, explained: "This is an international deal only. It has no affect on South Africa. All of the networking groups in South Africa will be staying with Comparex."
He said that having established itself as an independent networking integrator in Europe, the next logical step for the company was to expand into Asia and Australia, primarily by acquisition.
However, given the constraints under which South African companies operate internationally, in terms of exporting or raising capital, and the leadership position Dimension Data had already established in the same markets, it was more advantageous for the two companies to combine their international networking businesses.
Comparex is one of two Hitachi mainframe distributors in Europe, the other being Hitachi Data Systems (HDS).
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