Menu
Dimension Data takes full control of Datacraft

Dimension Data takes full control of Datacraft

IT services juggernaut Dimension Data has been given the green light to take full ownership of Asian subsidiary, Datacraft Asia.

Datacraft shareholders have voted in favour of an offer by Dimension Data to purchase the remaining 44.9 percent stake it did not already own.

The total cost of the acquisition is about US$276 million (NZ$430 million) and will see Datacraft Asia become a wholly-owned subsidiary of Dimension Data Holdings, a $3.8 billion ($5.92 billion) global IT solutions and services provider.

The transaction is being done by way of a scheme of arrangement under Singapore law. Shareholders were offered US$1.33 a share, a 34 percent premium to Datacraft’s closing share price on Monday July 21, 2008.

The scheme still has to be approved by the Singapore court, after which Datacraft will be delisted from the Singapore Stock Exchange.

Datacraft New Zealand is a wholly owned subsidiary of Datacraft Asia.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags dimension datadatacraft

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
Show Comments