IT service management company Metrofile has agreed to buy G4S Secure Data Solutions (Kenya) in a deal worth up to 2.1-billion Kenyan shillings (about R281.4m). The transaction is a strategic move, Metrofile says, that will increase its footprint in Africa and provide it with an expanded international client base, strong management team and local expertise in the records management industry. Metrofile’s shares gained 2.3% to close at R4.09 in light trading on Monday. The target firm, also called SDS Kenya, is the largest records-management company in East Africa and is being sold by G4S International Holdings and Nurun Investments.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now