Datatec acquires NetStar

Communications technology company Datatec has acquired NetStar Group, an IT support services business, for $19.8 million (£12.1 million).

NetStar provides services across the Asia-Pacific region and will become part of Logicalis, the IT infrastructure division of Datatec. The deal comes after the acquisition of New Zealand-based technology distribution business Datastor in October 2009. NetStar generated sales of $64.9 million in the year to June 2009.

Jens Montanana, CEO of Datatec, said: ‘In addition to now being able to provide our customers with wider international capabilities, NetStar provides the ideal platform for Logicalis to grow organically and by acquisition across the region.’

In the six months ending August 2009, AIM-quoted Datatec reported revenue of $1.8 billion and pre-tax profits of $16.5 million.

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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