US$60 million returned to shareholders through a special dividend and share repurchases.
Analysys Mason acquired Stelacon, a Swedish consulting company specialising in smart cities, regional development, digital services, policy and regulation, and telecoms and digital communications.
Logicalis Group made two acquisitions during the year. The first was a 70% interest in Cilnet, a Cisco systems integrator and managed services business in Portugal increasing Logicalis’ Cisco technical expertise in the Iberian region and complements the existing Spanish operation with data centre, collaboration, networking, infrastructure and managed services capabilities. The second was Orange Networks, a Microsoft services business focused on Microsoft cloud and managed services, with Germany-wide presence, including Hamburg, Munich, Offenbach and Düsseldorf.
Logicalis SA acquired Mars Technologies, a South African IT services business, with offices in Cape Town, Johannesburg, Port Elizabeth, Durban and East London.
Logicalis made three strategic acquisitions during the course of the year broadening its services scope to new and existing global customer groups. Coasin, a Chilean ICT services and solutions provider based in Peru with experience in the mining and financial services verticals. Clarotech, an IPT cloud and managed services business based in Cape Town and CNI, a Microsoft-certified gold partner based in Melbourne, Australia specialising in Microsoft cloud service capabilities, significantly strengthening the Group's position in this growing market segment.
Analysys Mason acquired AMI Partners based in the United States. AMI Partners is a SMB ICT-focused global research and consulting firm that specialises in go-to-market opportunity assessment, tracking buying behaviour, customer segmentation, channel partner ecosystem dynamics and sales enablement enhanced with predictive analytics.
The Board has distributed US$350 million of the SYNNEX proceeds to shareholders. A special cash dividend of R23, with scrip distribution alternative, was paid to shareholders in January 2018. This resulted in the distribution of US$244 million cash and the issue of 43.8 million new shares as the scrip alternative. The Group started a general share buy-back programme and in the 2018 financial year repurchased a total of US$34.6 million.
Logicalis acquired 100% of the issued share capital of Coasin Chile S.A., a Chilean ICT services and solutions provider with offices in Peru for a maximum purchase consideration of US$20.2 million. Thomas Duryea Logicalis acquired Corporate Network Integration (Pty) Ltd (CNI), a Microsoft-certified gold partner based in Melbourne, strengthening Logicalis’ position in the cloud services market. Logicalis SA acquired Clarotech Holdings (Pty) Ltd (Clarotech), and internet protocol telephony cloud and managed services business based in Cape Town to grow its managed services operation.
Analysys Mason acquired 100% of the issued share capital of Access Markets International Partners (AMI Partners) complementing Analysys Mason’s research portfolio.
Datatec announces the sale of its Westcon-Comstor business in North America and Latin America (Westcon Americas) and of 10% of the remaining part of Westcon-Comstor (Westcon International) to SYNNEX Corporation. The proceeds of the Transaction comprise US$630 million in cash on completion and up to US$200 million payable as a cash earn-out, subject to Westcon Americas meeting certain agreed gross profit performance targets. The maximum consideration of $830 million equates to an equity valuation of the total Westcon-Comstor division of $1.1 billion.
Logicalis makes two acquisitions throughout the year. Logicalis and its Indonesian partner Metrodata, acquired a majority stake in Packet Systems Indonesia (PSI), a leading ICT systems integrator and service company. It also acquired a 51% stake in NubeliU, a South America based company specialising in cloud computing projects based on OpenStack.
Logicalis realised significant value from the sale of its non-core SMC consulting business to DXC Technology Company for US$42 million. Logicalis acquired SMC in March 2013 as one of the four European operations purchased from 2e2. The purchase price attributed to SMC was US$5 million. This represents an eight fold return on investment which represented a valuation of one times trailing revenues and 15 times trailing EBITDA.
Analysys Mason acquired 100% of the share capital of Nexia Management Consulting AS, a telecoms management consultancy company registered in Norway.
Datatec marks 20 years as a listed company on the JSE. Logicalis expands its offering in Germany with two acquisitions, iTuma, a software developer of wireless data solutions and services, and Inforsacom, a provider of database, storage and infrastructure solutions. Westcon acquires Verecloud with its advanced channel distribution platform for cloud solutions and services.
Westcon makes three acquisitions, Indonesian IT security and networking distributor, Netpoleon, Austrian-based security distributor Triple AcceSSS and Afina, a multinational security, virtualisation and data centre distributor which significantly expands Westcon’s presence in Latin America, the Caribbean, Europe and North Africa. Logicalis acquires Australian IT solutions provider, Corpnet, and Datatec receives and award for Excellence in Financial Reporting and Communication from the Investment Analyst Society of South Africa.
WestconGroup signs a global distribution agreement with Cisco, a partnership that increases both organisations’ ability to develop new market opportunities, particularly in emerging markets. Westcon acquires Datastor, a New Zealand ICT distribution business. Logicalis acquires Minters GmbH, a German Cisco Systems Partner, as well as NetStar, a leading network infrastructure solutions and managed services provider in the Asia-Pacific region, with branches in Australia, Singapore, Malaysia, Taiwan, Hong Kong and China.
Westcon completes four acquisitions: NOXS, Crane, ReView Video and Cernet. These open up new opportunities in convergence, security and mobility in Europe, the USA and Latin America. Group subsidiary Westcon African Middle East acquires a 51% stake in Parnoon-Dynatech to expand its African footprint to seven African countries. Logicalis US acquires Carotek, a leading HP enterprise systems partner. Logicalis is awarded a US$150 million contract to operate a public sector broadband aggregation service for the Welsh Assembly in the UK.