By 
Alviva Holdings CEO Pierre Spies
Alviva Holdings has secured the regulatory go-ahead for its R185-million acquisition of rival Tarsus Technology Group.
TechCentral first reported on 13 October 2020 that the two companies were in discussions about a deal. Alviva then firmed up an offer on 12 November, saying it would pay a maximum of R185.4-million in cash for Tarsus.
All conditions precedent to the deal have now been fulfilled or waived, Alviva told shareholders on Thursday. As a result, the acquisition will be implemented with effect from 1 July.
Tarsus was founded in the mid-1980s by businessmen Leo Baxter and Mike McGrath, neither of whom are still involved
Tarsus, which was 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.
Alviva CEO Pierre Spies is a former CEO at Tarsus and so understands the business intimately. The sale provides 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. — (c) 2021 NewsCentral Media
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