Further to the September 2014 press announcement that Tellumat (Pty) Ltd had entered into an agreement with JSE-listed ConvergeNet Holdings Limited to acquire its subsidiaries, CK Solutions and Structured Connectivity Solutions, we are pleased to advise that the acquisition has been approved by the Competition Commission and is effective from 1 February 2015. In this transaction ConvergeNet, soon to be renamed Stellar Capital Partners, has acquired a 30% shareholding in Tellumat.
CK Solutions is an infrastructure design, implementation and component supply business, offering products and services to the Communications, Power and Rail industries with customers including Telkom, MTN, Vodacom, Cell-C, Huawei, ZTE, Eskom and Transnet. CK Solutions is located in Midrand, Gauteng, with a branch office in Cape Town.
Structured Connectivity Solutions (“SCS”) is a turnkey project management business providing communication infrastructure, IT infrastructure, backup power solution design and implementation services to customers establishing, moving or upgrading offices and other facilities. Their focus is both local and into Africa with customers that include ABSA Bank, Grand West Casino, Shoprite Checkers, University of Stellenbosch and Sasfin Bank. SCS is located in Honeydew, Gauteng, with a branch office in Cape Town.
Both companies bring complimentary business to the Tellumat Group as well as a number of new customers. Tellumat looks forward to working with CK Solutions and SCS to offer increased value to Tellumat’s current and future customers.