AYO Technology poised to lead innovation in remote working technology solutions
ICT investment group acquires 100 percent of Kathea Communications for R90-million.
ICT investment group Ayo Technology Solutions has just bought workspace management products company Kathea Communications. Kathea specialises in distributing voice, audio visual, video conferencing technology solutions and services.
CEO of AYO Howard Plaatjes said the acquisition would give AYO the leading edge in the increasing and evolving remote working space and an early advantage for future innovations in “smart” living. “This acquisition plays to our strategy of investing in the types of disruptive technologies that are advancing life, business, and economics on the continent,” said Howard.
AYO had announced intentions to buy Kathea in August last year. Kathea Communications CEO Peter Cowen said, “AYO already has good exposure to the communication and collaboration space with a track record of providing good support to their investments. I am very pleased to be able to combine our highly regarded excellence in this space with AYO’s well-funded strategic ambitions.”
Kathea has made a name for itself in technology by providing some of the world’s best-known communication, collaboration, audio visual, and workspace technology brands, including Jabra, Polycom, Plantronics, CTouch, Logitech, and Yealink, among others.
“Kathea’s offerings are more relevant than ever with the disruptions to working norms around the globe, and with AYO’s backing, we are optimistic about our business trajectory and our ability to provide good returns to our new shareholders,” said Howard.
The R90-million deal will make AYO the dominant player in the market for value-added telecommunications equipment and solutions, and customer electronics.