Reunert would consider an acquisition of EOH Holdings if the listed IT services group was put up for sale, CEO Alan Dickson has told TechCentral.
Browsing: EOH
If a sale is being seriously considered, it’s worth asking: who would want to buy EOH, and who could afford it?
EOH Holdings CEO Stephen van Coller is considering a sale of the IT services firm after returning the group to profitability, sources said.
EOH Holdings, its board and its CEO, Stephen van Coller have been heaped with praise by the state capture commission for the way the group disclosed its role in government corruption.
EOH Holdings said on Wednesday that it has completed its “targeted” turnaround strategy after reporting a big swing to profit. This as it reported a 20% plunge in revenue.
Seacom has agreed to buy two businesses from JSE-listed EOH Holdings, Network Solutions (EOH-NS) and Hymax, for R144.9-million.
EOH Holdings shares climbed 9.4% on Thursday after it provided an upbeat assessment of its turnaround plan and pointed to improved financial results.
A whistle-blower has alleged that the US software giant is routinely involved in bribery and other malfeasance across the region.
EOH Holdings is selling several more assets as it moves to deal with the gearing problem on its balance sheet. Its shares leapt higher on the news.
EOH Holdings will meet with investors in the coming days to assess its “strategic options” for dealing with its gearing problem.