April 07, 2022
SEACOM to acquire the EOH Network Solutions and Hymax to expand its managed services capabilities
Johannesburg, South Africa – 7, April 2022 – SEACOM today announced its intention to acquire EOH Network Solutions (EOH-NS) and Hymax, divisions of iOCO and part of EOH Holdings Limited (EOH) - one of the largest technology services companies in Africa.
The acquisition marks the Pan-African telecommunication provider’s latest step in expanding its enterprise business offering across South Africa. By integrating with EOH-NS and Hymax, SEACOM will continue to deliver an even more comprehensive ICT and Enterprise Connectivity Solutions to its clients.
To date, an ‘Intention to Purchase’ agreement between SEACOM and EOH has been signed and submitted to the Competition Commission for approval. The transaction will conclude once approval has been received. More details regarding the integration process and the agreed-upon organisational and operational structures will be announced following the approval of the acquisition.
“The acquisition of EOH-NS and Hymax forms part of SEACOM’s ambitious growth strategy that will transform the business into a converged telecommunications provider across Africa. By expanding our on-net capabilities and reach with this acquisition and the acquisition of Hirani Telecom in Nairobi and Africell Uganda’s infrastructure, SEACOM aims to provide customers with comprehensive enterprise-grade ICT solutions and quality connectivity,” said Oliver Fortuin, Group CEO at SEACOM.
Founded in 2003 and acquired by EOH in 2010, EOH-NS enjoys a solid reputation as a provider of ICT services, primarily creating, implementing, and managing networks across varied infrastructure solutions. EOH-NS also offers a wide range of voice, managed networks, security, cloud, and server hosting products.
The combination of SEACOM’s Tier 1 Global Network with EOH-NS’s managed services capability is a strong match, culminating in a complete ICT service offering with the potential to take local businesses to the next level of their digital transformation journey and enable synergistic opportunities.
Said Stephen van Coller, EOH Group Chief Executive Officer, “I believe that SEACOM, as a leading ICT and internet connectivity supplier for African enterprises, will provide a compelling opportunity for value unlock for EOH-NS and Hymax both for existing and future clients and the transferring employees. The embedded relationships that exist between our customers and other EOH business units will remain as is and the EOH Infrastructure Services business is positioned to benefit from the transaction as we leverage the SEACOM connectivity expertise.”
“We are looking to the future and to creating end-to-end ICT solutions for enterprises. We aim to create a complete ICT offering that combines hosting, security, and network connectivity and is scalable enough to expand as our clients’ requirements change. This will be packaged by a high-touch team that offers each client a personal and tailored experience. Managed services form an important part of that goal, and with EOH-NS by our side, we are reaching for it,” Fortuin concluded.
About SEACOM
SEACOM launched Africa’s first broadband submarine cable system along the continent’s eastern and Southern coasts in 2009.
Today SEACOM is the preferred partner for African businesses, network carriers, and service providers.
Through its ownership of Africa’s most extensive ICT data infrastructure – including multiple subsea cables, a resilient, continent-wide IP-MPLS network, and Metro Fibre in major African Cities – SEACOM provides a full suite of flexible, scalable and high-quality communications and cloud solutions that enable the growth of the continent’s economy.
SEACOM is privately owned and operated, allowing the company the agility to rapidly tailor-make and deploy new services, commercial models, and infrastructure in response to customer requirements. Without the red tape or hidden costs often prevalent in this industry.
Media Relations:
Fanele Magcaba
Account Manager for SEACOM at Clockwork (Johannesburg, South Africa)
Fanele@clockworkmedia.co.za | +27 11 463 0366 | +27 79 074 1631