milestones
What Altron has achieved . . .
Altron consistently grows shareholders’ value through its commitment to sustain its compound annual growth rates in terms of revenue, operating profit and headline earnings per share. Some historical corporate activity highlights since 2000 include:
2008
Acquisition by Powertech of the electrical engineering operations of the
IST group for R504 million, effective 1 September 2007;
Acquisition by Altron of the minority shareholders in Bytes Technology
Group Limited for R1.4 billion. Bytes was de-listed from the JSE Limited
on 15 January 2008;
Acquisition by Altech of ComTech for R53 million, effective 1 January
2008;
Purchase by Altron of an additional 3.7% of Altech for R187 million at
an average price of R52.14 per share during February 2008, thereby
increasing its stake in Altech to 62%;
Acquisition by Powertech of the 25% minority in Cables de Comunicaciones
Zaragoza, effective 1 August 2007 for €8 million;
Acquisition by Powertech of Swanib Cables for R43 million, effective 1
March 2007.
Acquisition by Altech of 51% of the Sameer ICT group in Kenya for
maximum consideration of US$75 million, effective 1 March 2008;
Acquisition by Powertech of the 50% stake it did not own in ABB
Powertech Transformers from ABB for R320 million, effective 1 April
2008;
Disposal by Powertech of Yelland Control to Omron Europe for R65
million, effective 1 April 2008.
Acquisition by Bytes of Intelleca – 17 June 2008
Acquisition by Bytes of Nor Paper – 9 July 2008
Altech Autopage Cellular and Neotel sign distribution agreement – 27
August 2008
The Pretoria High Court rules in favour of Altech Autopage Cellular to
the entitlement of an individual electronic communications network
service (I-ECNS) license, enabling the group’s telecommunications
subsidiary to develop and operate its own telecommunications network –
29 August 2008
2006/2007
Altech purchases French-based MobiMaster.
Bytes purchases UK-based Vantage Business Systems and Xclusive Solutions.
Market capitalisation exceeds R7 billion in 2006 and R14 billion in 2007.
Formation of telecoms cable JV with Reunert.
2005
Powertech purchases Calidus, a manufacturer and supplier of electrical insulation material, and signs a new 10 year agreement with Von Roll Isola.
Altron's 11 800 employees celebrate the group's 40th anniversary with an increase in revenue of 22% to R12.2 billion and operating profit of 34% to R963 million. Market capitalisation reaches R5 billion.
Vodacom and MTN sign long-term agreements with Altech for Altech Autopage Cellular to act as an independant service provider for a minimum of five years.
2004
Altech concludes a BBBEE transaction with their chosen empowerment partner Pamodzi; Powertech finalises a BBBEE transaction with Izingwe in Aberdare Cables and Bytes completes a transaction with Kagiso as a BBBEE partner in Bytes SA.
Altech aquires NamiTech, a manufacturer of smart cards, prepaid vouchers and a mobile solutions provider.
Bytes purchases CS Holdings as well as 50% of Xerox SA from Xerox International to move to 100% ownership and rebrands Xerox SA as Bytes Document Solutions.
2002/2003
Altech Card Solutions (ACS) aquires Cardtronics.
Altech sells its 40% stake in Alcatel Altech Telecoms for R335 million.
Altech is judged top ICT company in South Africa.
2001
Xerox SA secures the exclusive sub-Saharan distributorship for Xerox products.
Powertech's shareholding of 30% in Voltex distribution is sold for R130 million to Bidvest.
2000
Powertech acquires Cables de Communicaciones SL, a leading Spanish telecommunications cable manufacturer.
USKO is rebranded as Bytes Technology Group Limited (Bytes) and the IT interests of Fintech are purchased by Bytes to consolidate the group's IT under Bytes.
Two leading healthcare IT companies, PQ Africa's QEDI and Bytes' MediSwitch in the medical claims forwarding industry, merge to form an internet healthcare and e-commerce partnership in the form of Digital Healthcare Solutions.
| Page updated: 23 April, 2008 | » Return to top |