Altech, together with Bytes Technology Group, forms part of the Telecommunications, Multi-media and Information Technology (TMT) division of Altron, its parent company. On 26 July 2013, the minority shareholders in Altech voted to sell their shares to Altron, paving the way for Altech to become a wholly owned subsidiary of Altron and resulting in Altech’s subsequent delisting from the Johannesburg
Stock Exchange (JSE) on 20 August 2013. Craig Venter, Altech Chief Executive Officer, was appointed as Group Executive of Altron TMT following Altron’s successful acquisition of the minority shares in Altech that it did not already own. Craig continues to fulfill his existing role as Altech CEO while leading the Altron TMT Division and maximising
the synergies between the Altech and Bytes businesses. The rationale for the creation of the new division was based on a need to integrate the Altech and Bytes businesses through an alignment of assets, the removal of duplicated costs through a shared service model and to have a more focused approach to customers in order to take advantage of both cross and up selling opportunities. Furthermore, in order to reduce overlaps and provide a more focused offering to customers, various assets have been transferred from the previous Altech IT division and consolidated under Bytes. Likewise, the telecom infrastructure and ISP assets in Bytes have been transferred to Altech. The Altron TMT Division is focused on providing value-added products, services and solutions through the convergence of TMT. We have on-going access to the latest technologies worldwide, while our own research and development programme actively encourages and promotes internal technology implementation. The Altron TMT Division employs over 8000 people and is represented in more than 14 countries. We are committed to the pursuit of globalisation through excellence in all our chosen operations and will pursue our ambition to be a leader in every sphere in which we operate, while empowering and enriching our stakeholders.
