South African information technology firm Dimension Data has announced it will sell its distribution business Express Data to Australian hardware distributor Dicker Data for an undisclosed price.
The sale is subject to Dicker Data shareholder approval and is expected to the completed by March 31.
“The decision to sell the entity is part of Dimension Data Group’s strategy to sharpen its focus. While the resale of technology remains a core element of Dimension Data’s value proposition to clients, physical distribution is typically outsourced to specialist distributors. Express Data, a leading distributor in Australia and New Zealand, is our only distribution asset,” said Brett Dawson, chief executive officer (CEO) of Dimension Data.
‘The sale of the company follows our decision to exit the physical distribution market.”
Express Data became part of the Dimension Data when the group bought Com Tech Communications in 1999.
“Dicker Data will be gaining a great team of 350 employees who have built an outstanding business and have been fantastic contributors to Dimension Data over many years,” Dawson said.
HumanIPO reported this week Dimension Data scored 94 per cent for its climate change strategy.
Image courtesy of Shutterstock
