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Run CEO Maphum Nxumalo
Gijima, IT services A group founded by businessman Robert Gumede, agreed to acquire the South African subsidiary of T-Systems, the IT services arm of German telecommunications giant Deutsche Telekom.
The transaction, the value of which has not been disclosed, has yet to be approved by the Competition Commission. T-Systems has been a service provider in the South African market for more than 20 years.
“This transaction is the result of T-Systems International’s strategic review of its global portfolio and its decision to refocus on its core markets in Europe and America,” Gijima said in an emailed statement Tuesday.
“The transaction will allow Gijima access to international intellectual property, expertise and best practices, while ensuring that current and recently acquired Gijima customers receive top-notch innovation, best-in-class service delivery, efficiencies commercial and security knowledge, and finally numerous works due to the impact of Covid-19 ”, he said.
The deal comes after Gijima, who used to be listed on the JSE, concluded a “successful trading strategy.” Gijima CEO Maphum Nxumalo said the company is “open and willing to make new strategic acquisitions that will enhance its value proposition.”
The deal means that Gijima will now own a Tier 3 data center, among other assets. It will also acquire T-Systems’ Cybersecurity Operations Center and staff certificates, “allowing access to a broader scope of companies.”
‘Good fit’
“Gijima is a perfect fit as the new local owner of the TSSA business. This transaction will see two BEE Tier 1 leaders, with a long tradition in ICT in South Africa, coming together for the mutual benefit of customers, ”said Dr. Rajan Padayachee of T-Systems South Africa.
It is not immediately clear if there will be layoffs of staff as a result of the acquisition. However, Gijima said that once the Competition Commission has given the green light to the deal, “and in accordance with applicable law, highly-trained staff members from T-Systems will join the 2,600 (employees) family. Gijima existing ”.
“Given that 40% of Gijima’s executive members, including CEO Maphum Nxumalo, have previously worked at TSSA, both companies are confident that new clients and staff members will be in safe, trustworthy and firm hands,” he said. – © 2020 NewsCentral Media
