EOH Weighs Listing New Unit as Tech Firm Revamps Business
- South African technology firm is splitting into two divisions
- New brand NEXTEC is looking for deals to fastrack growth
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EOH Holdings Ltd., the South African information, communications and technology firm that is splitting into two divisions, will consider spinning off one of the units and trading the shares separately.
The Johannesburg-based company plans to lump its ICT businesses under the EOH brand while hiving off the subsidiary that provides specialized solutions for high-growth industries such as healthcare and water sanitation under the new NEXTEC brand, EOH said in a statement on Wednesday. The holding company will oversee both divisions once the separation is completed from Aug. 1, it said.