Local office automation, printing and telecommunications group Itec is pushing R100 million into its newly-established UK operations, and is aiming to acquire British competitors.
This cash injection looks set to be followed by more, says Itec group CEO Jacques Duyver, adding that the company's move into the UK market is imperative.
"The UK market is changing rapidly. Currently, it has about 900 office automation companies, which is set to be reduced to about 40 within the next five years," says Duyver. "We want to be one of that 40, so – with the consolidation that is happening now – we can't wait to make a move."
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