Datacraft to buy Integral/Axon: insiders
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Industry figures say deal has been made
By Randal Jackson | Wellington | Tuesday, 31 August, 2010 | 7 Comments
Industry insiders say a deal for Datacraft to buy Integral/Axon was concluded last week and awaits final approval from Datacraft's head office in Singapore. Rumours have been circulating recently that such a deal was to take place.
An industry analyst contacted by Computerworld says the rumoured sale price of $80 million “is in the ballpark”.
It represents approximately a seven times multiplier of the combined EBIT (earnings before interest and tax) of Integral and Axon.
Datacraft country manager Robin Hartendorp says he can’t comment on industry rumours.
Integral bought Axon in May for around $18 million. The combined revenue of the two companies has been estimated at around $150 million.
Datacraft is a wholly owned subsidiary of Dimension Data, a $US4 billion company which focuses on developing and operating IT infrastructure. It is headquartered in London.
Dimension Data, in turn, is the subject of a takeover offer from Japanese telecommunications giant NTT, which last year signed an IP VPN interconnection agreement with Telecom. Subject to competition approvals, the takeover is expected to be completed by the end of October.
It is thought that Dimension Data is looking to make at least one other acquisition in New Zealand.
Comments
It is not going happen
Why would Datacraft or Dimension Data want to buy Integral Axon when the integration following the merger has not been completed and therefore the benefits have not been fully realised?
Secondly, Dimension Data is currently being acquired by NTT and until this completed, DiData would not be undertaking any purchases.
Posted by Yeah Right at 18:55:24 on September 1, 2010
Secondly, Dimension Data is currently being acquired by NTT and until this completed, DiData would not be undertaking any purchases.
Posted by Yeah Right at 18:55:24 on September 1, 2010
It is not going happen
It's happening. This take over will allow Datacraft to become a major player in Unified Communication. They have always proved to be one of the top players in networking solutions and now they will be able to provide Unified solutions "from the desk to the cloud (almost)" If you take a good hard look at the current new zealand ICT drivers you will see that the biggest cut from the pie is from the government sector. The new national government driver for cost savings in similar to the insurance sector - meaning, if one IT entity can provide all services and that selected service provider can provide bigger discounts based on "what you insure" then why the hell not. The downfall of this however is that the centre of excellence "core skills" are situated oversees and local skills aren't required anymore. The only driver for buying Integral\Axon is to get on the band wagon with the way NZ government does business. The ICT landscape in NZ is changing drastically and with the buy over companies like Gen-i & Fujitsu NZ are in for a very hard time in acquiring any new business.
Posted by Kamikaze at 23:41:44 on September 1, 2010
Posted by Kamikaze at 23:41:44 on September 1, 2010
It is not going happen
Nice piece of PR Kamikaze, not hard to guess where you work!!!
If the deal was done last week, subject only to head office approval, is everyone in head office on leave?
There is no deal. Even if there was there would be no leaks as DiData is a public company and they would have to tell the LSE first or risk ending up in jail.
Posted by Anonymous at 14:01:37 on September 2, 2010
If the deal was done last week, subject only to head office approval, is everyone in head office on leave?
There is no deal. Even if there was there would be no leaks as DiData is a public company and they would have to tell the LSE first or risk ending up in jail.
Posted by Anonymous at 14:01:37 on September 2, 2010
Dimension Data - Head Quearters in South Africa
Your statement below:
Datacraft is a wholly owned subsidiary of Dimension Data, a $US4 billion company which focuses on developing and operating IT infrastructure. It is headquartered in London.
is incorrect! DD is a South African company.
Refer to http://www.dimensiondata.com/AboutUs/OfficeLocations/Pages/Home.aspx and look for the Campus.
Inaccurate reporting again! Is this a New Zealand tradition?
Posted by paul tormey at 13:30:28 on August 31, 2010
Datacraft is a wholly owned subsidiary of Dimension Data, a $US4 billion company which focuses on developing and operating IT infrastructure. It is headquartered in London.
is incorrect! DD is a South African company.
Refer to http://www.dimensiondata.com/AboutUs/OfficeLocations/Pages/Home.aspx and look for the Campus.
Inaccurate reporting again! Is this a New Zealand tradition?
Posted by paul tormey at 13:30:28 on August 31, 2010
Dimension Data - Head Quearters in South Africa
In July 2010, Nippon Telegraph and Telephone announced an agreed takeover of Dimension Data in £2.12bn ($3.24bn) deal.
http://www.bbc.co.uk/news/business-10644327
Hmmmm...now who could be inaccurate...
Posted by Anonymous at 17:28:47 on August 31, 2010
http://www.bbc.co.uk/news/business-10644327
Hmmmm...now who could be inaccurate...
Posted by Anonymous at 17:28:47 on August 31, 2010
Dimension Data - Head Quearters in South Africa
Dimension Data HQ is in South Africa and is listed on the London Stock Exchange.
Posted by Anonymous at 18:34:50 on August 31, 2010
Posted by Anonymous at 18:34:50 on August 31, 2010
hmmm
more like 36 million and some very pissed off original minority Axon shareholders... Hope you are ohn the mend Randal!
Posted by Anonymous at 11:25:49 on August 31, 2010
Posted by Anonymous at 11:25:49 on August 31, 2010
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