Commission approves Reunert deal to buy IQbusiness
has approved JSE-listed technology and engineering group Reunert’s acquisition of management and technology consulting firm IQbusiness.of a 74.2% stake in IQbusiness – previously The IQ Business Group – on 9 March.
“The commission has recommended that the Competition Tribunal approve the proposed transaction … without conditions,” the Competition Commission said in a statement on Monday. It found that the deal will not impact competition negatively and does not raise substantial public interest concerns.The value of the acquisition of the thousand-employee-strong IQbusiness, to be concluded through Reunert’s wholly owned Reunert ICT Holdings subsidiary, was not disclosed.
IQbusiness will form part of the Solutions and Systems Integration cluster of Reunert ICT following the conclusion of the transaction. Rob Godlonton, who leads Reunert’s system integration business, +OneX, said previously that the acquisition of IQbusiness will “add meaningful scale to the Solutions and Systems Integration cluster in Reunert ICT”. –
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Child murders a great concern for human rights commissionChild murders a great concern for human rights commission: “It is thus clear that there is a need to promote, protect and monitor the rights of children to ensure that they thrive.”
Read more »
Presidential Climate Commission says no to new coal-fired power stations and nuclear energyLocal and international studies indicate that renewable energy systems, if well managed, are still the most secure and least costly option.
Read more »
Child murders a great concern for human rights commissionThe crime stats revealed that child murders had dropped by 19.9%, with 245 cases recorded from January to March compared to the same time period in 2022, when 306 killings were reported.
Read more »
Climate body sees no place for new nuclear in SA energy mixDespite Presidential Climate Commission’s energy stance, Mantashe says his department will call for proposals
Read more »
Nigerian Senate Whittles Down Powers of ICPC Chair, May Cripple Agency's Capacity to Fight CorruptionA review of the proposed legislation passed by the Senate shows it can render the ICPC chair redundant and incapacitate the commission to fight corruption.
Read more »
HRC closes Ashwin Willemse caseThe Human Rights Commission has reportedly abandoned the investigation into the case involving Ashwin Willemse and SuperSport.
Read more »