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Press Releases

Altron to demerge and separately list Bytes UK

JSE-listed technology company Altron said it had resolved to demerge and separately list its UK business, Bytes UK, to unlock value for shareholders. Bytes UK will be listed in the UK, with a secondary listing on the JSE. While Altron will remain listed on the JSE, it plans to demerge from its remaining investm … Read More

Thumbs up for Altron acquisition of Ubusha Technologies

The Competition Commission has approved JSE-listed technology company Altron’s acquisition of Ubusha Technologies. Altron acquired the identity security company in December 2019 in a deal worth R360-million. Altron Chief Executive Mteto Nyati said: “This acquisition was the springboard for the creation of a new division, Altron Security, which will allow us to begin to offer … Read More

Altron promotes Mande to Managing Director of Altron Arrow

JSE-listed technology company Altron has announced the appointment of Warren Mande as Managing Director for its subsidiary, Altron Arrow. Mande, who has been with Altron for 17 years, joined the company as a graduate trainee working for Altron Document Solutions (Altron DS), where he rose through the ranks, holding the position of commercial manager for … Read More

Putco and Netstar data partnership helps keep roads safe

Netstar, a subsidiary of JSE-listed technology company Altron, is using data in a real-life manner to improve road safety at the Putco driver training academy. Putco management took a decision to involve Netstar to help implement a range of initiatives aimed at increasing safety and reducing accidents involving its buses, especially along the notoriously dangerous … Read More

Altron acquires identity security company Ubusha Technologies

JSE-listed technology company Altron has acquired identity security company, Ubusha Technologies in a deal worth R360-million, effective 1 March 2020 pending the Competition Commission approval. Founded in 2003, Ubusha, as a next-generation IT security services provider enables dynamic authentication and authorisation, identity management and governance and privileged account security for leading local and international banking, … Read More

Altron in partnership to launch public transport cashless payment solution in Rwanda

JSE-listed technology company Altron, through its Rest of Africa operations, has partnered with Pascal Technologies to provide a seamless and integrated payment system for motorcycle public transport services in Rwanda. In terms of the deal, Altron is supplying the infrastructure comprising of payment terminals, GPS devices and mounting units, while Pascal Technologies is supplying the softwar … Read More

Altron co-operating with Competition Authorities

JSE-listed Altron can confirm that its Altech UEC, Altech Multimedia and Arrow Altech Distribution (AAD) businesses were the subject of a search and seizure operation by the Competition Commission on 16 November 2017. AAD is jointly owned by Arrow Electronics Inc. and Altron. The Competition Commission is investigating alleged prohibited practices as specif … Read More

Altron delivers solid results in a tough South African economy

Johannesburg, 24 October 2019 – JSE-listed technology company Altron has announced its half-year financial results, which saw the Group grow revenue from continuing operations by 8% to R8.5 billion, while EBITDA gained 19% to R803 million. Altron remains on track to achieve its five-year goal of doubling EBITDA by 2021. Headline earnings per share from continuing … Read More