By Stephen Gunnion for InceConnected
Alviva Holdings has confirmed it is in talks to buy rival group Tarsus Technology Group. That follows a report on TechCentral yesterday morning.
In a cautionary announcement, the ICT company said a due diligence investigation on Tarsus had been concluded. If the deal went ahead, it said it could have a material effect on the price of its shares.
The ICT group has already conducted due diligence on its rival and a deal could affect the price of its shares.
Johannesburg-based Tarsus, which was called MB Technologies before a rebranding five years ago, says on its LinkedIn profile that it was founded in 1985. It lists the products and services its subsidiaries provide as supply chain optimisation, cloud-based solutions and IT security services, amongst others. Apart from branches in five other provinces, it also has offices in Namibia and Botswana and representation in Zambia, Zimbabwe, Malawi and Mozambique.
Alviva’s businesses include Pinnacle, Axiz and Datacentrix, amongst others.
TechCentral reported that Alviva CEO Pierre Spies was CEO of Tarsus until 2013. It said the deal could raise competition concerns.
The company’s shares rose 3.65 to R8.30 on Tuesday.