Tuesday, March 5, 2024

Business Connection Group acquires Ultimate Solutions

Botswana’s market leader in Point of Sale solutions Ultimate Solutions has been acquired by Business Connexion Group after it initiated a reorganisation process to advance its positioning as a global player.
In line with a key focus on Africa, the Group has acquired two companies on the continent, a 100 percent holding in Panabiz Nigeria, and a 100 percent holding in Ultimate Solutions Botswana, both at the beginning of March this year.
Ultimate Solutions is a strong distributer of brands such as HP, Lenovo and Mecer and has the ability to distribute and manage the warrantee process within the Botswana environment.
It also has three branches in Gaborone, Maun and Francistown and a retail customer base of over 800 stores in the country. With 20 years’ experience and an excellent track-record, Ultimate Solutions provides Business Connexion’s retail focused business units’ access to this market. Where required, Business Connexion will provide the Botswana retail customer base a migration path to newer technologies available within the Business Connexion stable or via partnerships that Business Connexion holds.
The Group Communications Manager Palesa Madumo stated that Panabiz Nigeria is a Managed Print Services (MPS) company operating in West Africa and is a well-established distributor of Canon in the region. She added that previously part of Singapore-headquartered Tolaram Group, Panabiz employs 8,000 people globally and has existing Managed Print Service and annual maintenance service contracts.
“The two to three year inherited contracts have laid a solid foundation of annuity revenue, gearing it for significant growth in the market,” she stated.
She also revealed that the Panabiz team of 60 staff members will join Business Connexion Nigeria’s 140 member team based in Lagos and Ultimate Solution’s 44 staff members will also be joining the Business Connexion Group.
Business Connexion Chief Executive Officer, Benjamin Mophatlane, expressed excitement about their increasing African footprint and the talent joining Business Connexion.
He pointed out that African footprint allows them to better service their client bases who too are expanding into Africa.
“Our recent acquisitions allow us to provide solutions and services that are aligned to customer needs.” said Mophatlane.
He stated that Business Connexion (Pty) Ltd, is South Africa’s leading IT services provider, (IDC, 2013) and a leading integrator of innovative business solutions based on information and communications technology (ICT). He added that with over 7000 employees and a track record spanning over 33 years, Business Connexion runs mission-critical ICT systems and manages products, services and solutions for JSE listed and key public sector organisations, parastatals and medium-sized companies.


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