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EOH HOLDINGS LIMITED - Voluntary announcement

Release Date: 17/02/2015 08:17
Code(s): EOH     PDF:  
Wrap Text
Voluntary announcement

EOH HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/014669/06)
Share code: EOH ISIN: ZAE000071072
(“EOH”)


VOLUNTARY ANNOUNCEMENT


EOH Acquires Construction Computer Software (“CCS”).

EOH announced today that it had acquired CCS for an undisclosed sum. CCS provides integrated niche
management solutions for the Construction and Mining industry sectors. CCS has a turnover in excess of
R200 million, and presence in 50 countries, including South Africa, Middle East, Europe, Australia and
South America. CCS solutions are custom built, developed over 30 years and World Class in their chosen
domains. The CCS solution set has over 15 000 users across a geographically diverse customer base,
and is growing daily.

According to Peter Reynolds, joint MD CCS “EOH is a natural home for CCS with an innovative culture,
complimentary solution set and access to a wider customer base”. This view is echoed by Peter Cheney
joint MD CCS, who cites “EOH’s wide range of offerings and industry strategy as key in deciding to join
forces”.

“CCS compliments EOH’s stated Industry Vertical and International strategy of combining best of breed
solutions with deep industry knowledge and will be offered on a cloud basis globally”, says Brian Gubbins
Group Business Development Director EOH.

“It’s very exciting to have CCS join the EOH family, they will bring us to new places and markets which
are strategic in EOH’s growth plans”, says EOH Group CEO Asher Bohbot. Bohbot also states that “the
culture of CCS fits well with EOH and that this is fundamental for successful leveraging of core strengths.
It is also in line with our IP niche product and international expansion strategy”

Due to its relative size, the acquisition falls below the threshold of a categorised transaction in terms of
the Listings Requirements of the JSE Limited and its announcement is therefore voluntary.

About EOH
EOH is one of the largest technology and knowledge services provider in South Africa and provides the
technology, knowledge, skills and organisational ability critical to Africa’s development and growth. EOH’s
8 000 staff members deliver end-to-end enterprise applications solutions, a wide range of Outsourcing,
Cloud, Managed Services and Business service offerings to customers across all major industries.
EOH has been listed on the JSE Limited (“JSE”) since 1998, for more information visit: www.eoh.co.za


Johannesburg

17 February 2015

Sponsor

Merchantec Capital

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