Altech corporate news
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RESULTS OF THE ALTRON GENERAL MEETING AND THE ALTECH SCHEME MEETING
Monday, December 03, 2007
Further to the joint announcement published by Altron and Altech on the Securities Exchange News Service ("SENS") of the JSE Limited on 24 October 2007 in which the Altech shareholders were advised that Altron had expressed a firm intention to the board of directors of Altech to make an offer to acquire the 38.2% of the issued ordinary share capital of Altech that Altron and its subsidiaries (the “Altron Group”) including Altron One Nominees (Proprietary) Limited (collectively the “Excluded Members”) do not already own from all shareholders of Altech other than the Excluded Members ("Altech Minority Shareholders") in accordance with and as contemplated by the Securities Regulation Code on Takeovers and Mergers, Altron and Altech are authorised to announce that...read more
ALTECH LAUNCHES THE ALTECH ACADEMY
Thursday, November 08, 2007
Allied Technologies Limited (Altech) has announced today in Midrand that it is to establish a fully accredited education facility for its employees. Altech has now officially launched an educational institution which will provide skills development for Altech’s most precious resource: its people. Through the Altech Academy all employees of Altech will be provided with the chance to further their education and enhance their skills.
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SALIENT DATES ANNOUNCEMENT REGARDING THE ALTRON GENERAL
Wednesday, November 07, 2007
Shareholders of Altron are referred to the joint announcements released by Altron and Allied Technologies Limited ("Altech") as well as by Altron and Bytes Technology Group Limited ("Bytes") on the Securities Exchange News Service ("SENS") of the JSE Limited on 24 October 2007 ...read more
ALTRON ANNOUNCES ITS FIRM INTENTION TO MAKE AN OFFER TO BOTH ALTECH AND BYTES MINORITY SHAREHOLDERS
Wednesday, October 24, 2007
The Board of Directors of Allied Electronics Corporation Limited (Altron) announced that it has expressed independent firm intentions to the Boards’ of both Allied Technologies Limited (Altech) and the Bytes Technology Group (Bytes) to make an offer to acquire, the 38.2% of the issued ordinary share capital of Altech, and the 42.3% of the issued ordinary share capital of Bytes, that Altron does not already own, from the respective minority shareholders in a transaction valued at approximately R 4.8 billion.
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ALTECH ANNOUNCES SOLID GROWTH
Wednesday, September 26, 2007
Allied Technologies Limited (Altech) today announced another successful half-year for the six months ended 31 August 2007. Revenue increased by 20% to R4 billion, the company’s operating profit increased by 6% to R306 million and headline earnings per share were up 11% to 215 cents. ...read more
ALTECH ACQUIRES COMTECH FOR R90MILLION
Wednesday, June 27, 2007
Altech announced today that it has signed an agreement to acquire fleet management company, ComTech (Pty) Ltd, for Altech Netstar Fleet Management Services (ANFMS), subject to the fulfillment of certain conditions precedent. The potential full value of the deal is R90 million...read more
ALTECH GRANTED BROADBAND LICENCE IN RWANDA
Monday, June 25, 2007
Altech Stream Rwanda Limited, one of its African subsidiaries, has been granted a licence to deliver broadband Internet access services in Rwandan cities. ...read more
ALTECH NETSTAR TO OPEN BRANCH OFFICES IN RICHARDS BAY, PORT ELIZABETH, AND NEWCASTLE
Thursday, May 17, 2007
Altech Netstar, South Africa’s largest stolen vehicle tracking and recovery company, is in the process of establishing branch offices in Richards Bay, Port Elizabeth, and Newcastle. ...read more
ALTECH MAINTAINS SOLID GROWTH
Tuesday, April 24, 2007
Headline earnings per share improved by 10% to 418 cents. Revenue increased by 12% to R6.8 billion, and operating income by 18% to R573 million....read more
ALTECH AND CITYNET TO PROVIDE AFFORDABLE BROADBAND INTERNET ACCESS SERVICES IN SUB-SAHARAN AFRICA
Monday, April 23, 2007
The principle of this agreement will enable Altech to enter the broadband infrastructure and operator space in sub-Sahara Africa, using proven leading edge technology currently in operation in more than 40 cities world wide. ...read more
ALTECH ACQUIRES MINORITY INTEREST IN ALTECH NAMITEC
Tuesday, March 13, 2007
Allied Technologies Limited (“Altech”) and Giesecke & Devrient (“G&D”), the German smartcard company have concluded an agreement whereby Altech has acquired G&D’s minority interest in Altech NamITech. ...read more
ALTECH SECURES ORDERS VALUED AT R400 MILLION
Thursday, February 22, 2007
Altech today announced that it has secured in excess of R400 million worth of new orders as they move into the 2007 financial year, this in addition to pipeline business already secured during the 2006 year. ...read more
ALTECH AND SAMSUNG SIGN WIMAX DEAL
Tuesday, February 13, 2007
Altech today announced that it had formed a partnership with Samsung Electronics, Korea, to trial a Wimax broadband network in South Africa.
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