“South Africa-based ICT group Datatec has acquired a 50.01% stake in India-based ICT distribution business Inflow Technologies. The stake in Inflow provides Datatec with an entry point and initial footprint in India. Inflow has a presence in nine key Indian cities and has operations in Sri Lanka and Singapore” the US Embassy Pretoria (South Africa) informed Washington.
The Embassy wrote; “Datatec CEO Jens Montanana said: ‘India is a very large and fast growing market offering strong prospects in our sector with a lower cost of entry compared to many other developing markets and potentially higher returns and greater organic investment opportunities.’ He added that investment in Inflow is another step in Datatec’s strategy to increase its exposure to the world’s major emerging markets. (Engineering News, September 11, 2008)”
Read the cable here