ACQUISITION
Metrofile buys Kenyan data business
Metrofile says this will allow it to increase its footprint in Africa, and expand its international client base
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.
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