First Technology is acquiring Dax Data

[mylesillidge]

Prominent South African IT company is buying a major distributor

The Competition Commission has recommended that the Competition Tribunal approve a proposed transaction in which First Technology would acquire Dax Data.

“The primary acquiring firm is Epsidon Technology Holdings. Epsidon is controlled by First Technology Investments.”

 

[Jan]

Competition Tribunal approves deal

The Competition Tribunal has unconditionally approved the merger in which Epsidon Technology Holdings intends to acquire Dax Data.

Following the merger, Epsidon will acquire sole control of Dax. Episdon forms part of a broader group active in the information and communications technology sector.