Telecom

S. Africa: Gijima to acquire T-Systems Africa, under expansion plans

S. Africa: Gijima to acquire T-Systems Africa, under expansion plans
Monday, 02 November 2020 16:27

(Ecofin Agency) - South African company Gijima (specializing in ICT services, including infrastructure development and systems integration) announced a plan to acquire T-Systems Africa (TSSA), a provider of ICT networks, applications, and systems. With this acquisition of the South African subsidiary of T-Systems International, Gijima wants to strengthen its local footprint.

“The transaction will enable Gijima to have access to international IP, expertise and best practices while ensuring Gijima’s current and newly acquired clients receive top-drawer innovation, best-in-class service delivery, business efficiencies, and security know-how, and lastly secure numerous jobs from the impact of Covid-19,” Gijima said in a statement.

Maphum Nxumalo (pictured), Gijima's CEO said: "The transaction is in line with our strategy of serving our customers in the new digital era. Our main focus remains the organic growth of Gijima, through working closely with our existing clients by continuously being innovative and increasing efficiencies.”

The transaction, which is subject to the approval of the Competition Commission, follows a successful turnaround strategy for Gijima and the strategic decision of T-Systems International to refocus on its key markets in Europe and America.

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