Adapt IT fulfills all conditions precedent
Further to the announcement released on SENS on 9 January 2019 regarding the acquisition of the business of the Wisenet Group (and using the terms defined therein unless otherwise stated), shareholders are advised that all conditions precedent have now been fulfilled and the Acquisition has become unconditional.
The effective date of the Acquisition will be 1 March 2019 and the results of the Wisenet Group will be consolidated into Adapt IT Holdings Limited with effect from 1 March 2019.
Adapt IT is a leader in the ICT market through the provision of software solutions to the Education, Manufacturing, Energy, Financial Services, Communications and Hospitality sectors. Adapt IT’s South African offices are in Johannesburg, Durban and Cape Town, and international offices in Mauritius, Botswana, Ireland, Kenya, Australia and New Zealand.