The Competition Commission has approved Jasco Electronics’ proposed acquisition of Spescom. The commission’s approval will allow the two companies, both of which are listed on the JSE, to finalise the transaction. The two parties first announced
JSE-listed telecommunications equipment and electronics company Jasco has made an offer to buy another fellow listed company, communications business Spescom. Jasco CEO Martin Lotz says the combination of the two businesses will create a business with annual turnover of R1bn.
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