It was reported in mid-October that Alviva was in discussions to buy Tarsus, prompting Alviva to file a regulatory notice to shareholders via the Johannesburg Stock Exchange (JSE) confirming that the talks were indeed taking place.
Tarsus, previously known as MB Technologies and which was previously listed on the JSE, was founded in the mid-1980s by businessmen Leo Baxter and Mike McGrath, neither of whom are still involved.
The sale will provide an exit to shareholders, including banking group Investec.
Tarsus Technology Group has two main operating subsidiaries: Tarsus Distribution, which owns South African, Botswanan and Namibian IT distribution operations and Tarsus on Demand, which operates a cloud solutions business.
It will also expand its product baskets by adding new vendors as well as give it greater exposure in other African markets.
Similarly, it will get access to a cloud solutions business that is “significantly larger” than Alviva’s.
The deal is subject to several conditions, including successful approval by the competition authorities – something that could prove a sticking point if another IT distributor takes exception to the deal.
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