Datacentrix acquires Pinnacle’s Infrasol for $7m

The effective date of the sale is 1 July 2015.
The effective date of the sale is 1 July 2015.

South African systems integration firm Datacentrix has entered into a sale of shares agreement with Pinnacle Holdings to acquire 100% of the latter’s Infrasol and Merqu Communications businesses for R85m ($7m).

The effective date of the sale is 1 July 2015.

The companies announced that Infrasol and Merqu would be acquired as one indivisible transaction.

Infrasol and Merqu are design and development businesses with project management expertise focused on large network infrastructure, data centre design and the implementation of solution projects, which work through a national footprint of dedicated installers.

Two years ago, Pinnacle spent R237.3m ($19.6m) to buy almost 30% of Datacentrix in an off-market deal, in a bid to determine whether there was potential to develop a working relationship in the future.

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