EOH merger gets ap­proval

The Star Early Edition - - BUSINESS REPORT - – Sizwe Dlamini

THE COM­PE­TI­TION Tri­bunal has ap­proved a large merger be­tween EOH In­dus­trial Tech­nolo­gies and cer­tain busi­ness of Pow­ertech Sys­tem In­te­gra­tors. The tri­bunal yes­ter­day ap­proved the merger with­out con­di­tions. EOH In­dus­trial Tech is wholly con­trolled by JSE-listed EOH Hold­ings, a tech­nol­ogy so­lu­tions provider. EOH’s key busi­ness ar­eas are in­for­ma­tion tech­nol­ogy (IT) ser­vices, soft­ware, IT in­fra­struc­ture, in­dus­trial tech­nolo­gies and busi­ness process out­sourc­ing. EOH shares de­clined 1.4 per­cent on the JSE yes­ter­day to close at R106.

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