Jasco to buy majority stake in FTTH business for R40 million
Listed company Jasco Electronics is set to acquire 51% of IT company, Reflex, for R39.78 million as part of a sale of shares agreement with owner Greg Wilson, David Robinson, and Reflex Solutions.
Reflex was established in 2000 by Wilson in Johannesburg and initially specialised in the IT managed services market before adding hosted IT Infrastructure, cloud services and more recently fibre to the home (FTTH) solutions.
Reflex’s operations cover Johannesburg, Cape Town, Port Elizabeth and Durban. Its blue-chip customer base spans the retail, logistics, education, telecommunications and financial services industries.
It has a track-record of double-digit revenue growth since 2013, with consistent
operating margins above 10%. more