Metrofile acquisition of Tidy Files receives approval

JOHANNESBURG, (CAJ News) – METROFILE Holdings Limited, a market leader in records and information management, has confirmed the approval of its R75 million acquisition Tidy Files, a leading provider of end-to-end document management and storage solutions in Southern Africa.
The Competition Commission has approved the acquisition.
Pfungwa Serima, Group Chief Executive Officer, Metrofile Holdings Limited,said the acquisition was aligned with the company’s strategic growth objective.
“Through the acquisition of Tidy Files, Metrofile can complement and expand its client service offering across Africa and the Middle East, providing an even more complete range of filing and archiving solutions across all industries,” Serima said.
Tidy Files is a leading provider of end-to-end document management and storage solutions in Southern Africa, renowned for the design, supply and implementation of Paper-based and Electronic Document and Records Management Solutions.
Tidy Files CEO, Gavin Leonard, said the timing was right for the Metrofile acquisition.
“Time to expand and launch a new growth trajectory was imminent, so the Metrofile acquisition was positively received and is an exciting new period for the company,” said Leonard.
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Posted by on Aug 28 2017. Filed under Africa & World, Featured, Finance, Investing, National, Regional, Software, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry


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