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Reunert to acquire SkyWire Technologies

Reunert intends to fully acquire SkyWire Technologies, stated the company[1]. SkyWire is a wireless broadband service provider, serving business customers across the country. “SkyWire will form part of Reunert’s ICT segment, which includes Nashua and ECN,” said the company.

“This acquisition complements the ICT segment’s expansion strategy to increase its traditional suite of products and services to include broadband connectivity.” SkyWire founding members Mondi Hattingh and Jaco Visagie will stay in the business. The SkyWire business, brand, and channel will remain an independent business unit within the Communications Cluster of Reunert’s ICT Segment.

“The transaction is subject to final conditions precedent and the necessary regulatory approvals.

Reunert aims to have the transaction concluded by the end of February 2018.”

Now read: Tech companies will take on banks and insurance providers[2]

References

  1. ^ stated the company (www.reunert.co.za)
  2. ^ Tech companies will take on banks and insurance providers (mybroadband.co.za)

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