Zetes Acquires ProScan in an Industry First in South Africa
Jun 23rd 2011, 13:03
Johannesburg â€“ 23 June 2011 - The ProScan Group announced today that it has been acquired by Zetes Industries, a leading pan-European company specialising in automatic identification solutions and services for goods and people.
This is an unprecedented move in the South African data automation and mobile computing landscape, where for the first time, a listed global group has entered this market to expand its operations into South Africa and Africa at large.
Established in 1984 with headquarters in Belgium, Zetes Industries has grown both organically and through acquisitions, and today has subsidiaries in 14 countries (Belgium, CĂ´te d'Ivoire, France, Germany, Greece, Ireland, Israel, Italy, The Netherlands, the Nordics, Portugal, Spain, Switzerland, and the United Kingdom)
The company, which listed on the NYSE Euronext Brussels: ZTS in 2005, currently employs around 900 employees and generates revenues in excess of 216 million Euros (R2.1 billion) per annum. Today, the group concentrates its offerings on two main business segments, namely Goods Identification (Goods ID) and People Identification (People ID).
The ProScan Group, established in 2004, is the leading specialists in supply chain, automated data collection and mobile computing technologies and solutions in southern Africa The Group comprises three companies, namely ProScan Mobility, ProScan Media and iData Distribution, that focus on delivering technologies, services and solutions to the retail, fast moving consumer goods, transport and logistics, healthcare, pharmaceutical, services and utilities industries either directly or through accredited channel partners.
Andrew Fosbook, Managing Director of the ProScan Group commented, â€śDue to the gravitas of the global group, ProScan will rebrand to Zetes - ProScan and will comprise a Mobile and Media Division. Due to its reseller focus, iData Distribution will retain its name and continue trading independently.â€ť
According to Fosbrook, the acquisition of ProScan by Zetes is a perfect alignment, as both organisations share similar histories, solutions, services, vendor partners, and visions. â€śThis synergy is significant as it provides ProScan with access to knowledge, capabilities and experience in software, technologies, solutions, and services that are way ahead of South Africa, which will assist to accelerate our expansion. In addition, we will leverage off Zetes' relationships with multinational companies in Europe by extending them to the South African and African marketsâ€ť, he said.
ProScan will also enjoy the financial backing and purchasing power of Zetes as Europe's largest value added reseller of Motorola and Intermec solutions. Recently, Zetes was recognised as top partner for Intermec and Vocollect.
According to Alain Wirtz, CEO of Zetes Industries, ProScanâ€™s established presence and leadership position in southern Africa will assist us to establish a strong presence in Africa, which is regarded as the next growth point for multinationals requiring the same support and service experienced in Europe.â€ť
Fosbook, who will continue to head up the group after the acquisition, said, â€śWe will embark on a rebranding exercise and adopt the Zetes' name and corporate identity, but there will be no major changes from an operational point of view. â€ś
â€śThe acquisition bodes well for the South African market and our existing customers,â€ť added Fosbrook, â€śas the backing of a large global organisation will allow us to explore new product applications and multi-national customer opportunities, so we can expand our services and grow our market share in South Africa and the rest of Africa.â€ť
The transaction will enter into effect on July 1, 2011.
MTN Business adds two key applications to its Mobile Solutions Range
27/07/2011 - 11:16
27 July 2011 â€“ Johannesburg; MTN Business is proud to announce the addition of two tools to its Mobile Application Solutions. These tools further compliment the companyâ€™s existing range of applications - specifically designed for organisations looking to empower their mobile workforce and increase collaborative mobile efficiencies.
Trucks selling stronger than expected in 2011
21/07/2011 - 09:57
The South African truck market has ended the first half of 2011 on a strong note, despite prior concerns that product availability, in the wake of the Tohoku earthquake and tsunami that hit Japan early in March, would act as a constraint on sales volumes.
Lonhro buys Grindrod's food exporter
20/07/2011 - 11:00
Johannensburg - Lonhro has acquired the business of Grindrod PCA from Grindrod for R50m in cash. The acquisition has been unconditionally approved by the South African Competition Committee.
Surf's up for Mweb as store opens in Kwazulu-Natal
06/06/2011 - 14:00
MWEB, South Africaâ€™s leading Internet Service Provider (ISP) has made its way up the coast to the warm and sunny shores of KwaZulu-Natal to open its fourth retail store in South Africa at The Pavilion Shopping Centre, Westville.
BI adoption reaches maturity
06/06/2011 - 08:08
The adoption of business intelligence (BI) among South African organisations is moving towards the maturity stage.