SA's Dimension Data eyeing more US acquisitions
SA's Dimension Data eyeing more US acquisitions
South African IT firm Dimension Data is looking at potential acquisitions in the United States, where it aims to more than treble revenue to $2.5 billion within five years, chief executive Brett Dawson said on Wednesday.
A unit of Japan's Nippon Telegraph and Telephone Corp , Dimension Data bought California-based cloud computing firm OpSource two years ago.
"Specifically in the US we have ambitions to go from about $800 million to about $2.5 billion through a plan which encompasses organic growth and (to) continue to fill out our competence... through targeted acquisitions," Dawson told a news conference.
He did not say how much the company was looking to spend on acquisitions.
Earlier this year, Dimension Data made a Ksh3 billion (R326.4 million) offer to acquire AccessKenya.
Dimension Data said that to buy the firm, it is offering Ksh14.00 (R1.50) per share, a premium of 42%.