Technology & Innovation3 stories from 1 sources
Vertiv has successfully completed its acquisition of PurgeRite Intermediate for approximately $1 billion. This strategic move aims to bolster Vertiv’s thermal management capabilities for data centers. In a separate deal, Capitec Bank has signed an agreement to acquire 100 percent of Walletdoc Holdings, a South African fintech company. This acquisition aims to integrate Walletdoc's technology into Capitec's digital payments ecosystem. Meanwhile, the Government of Kenya has outlined nine stringent conditions that Vodacom must meet before acquiring a 15% stake in Safaricom. The government's goal for this divestment is to raise between KES 240.5 billion and KES 244.5 billion for national funds.
Capitec Bank has signed an agreement to acquire 100 percent of Walletdoc Holdings, a South African fintech company specializing in payment gateway solutions. This strategic move aims to integrate Walletdoc's technology into Capitec's banking products, enhancing its digital payments ecosystem for its 25 million clients.
Summary & AnalysisThe Government of Kenya has outlined nine stringent conditions that Vodacom must meet before acquiring a 15% stake in Safaricom. This divestment aims to raise between KES 240.5 billion and KES 244.5 billion for the National Infrastructure Fund and the Sovereign Wealth Fund.
Summary & AnalysisVertiv has successfully completed its previously announced acquisition of PurgeRite Intermediate for approximately $1 billion. This strategic move aims to bolster Vertiv’s thermal management capabilities, especially in providing next-generation liquid cooling solutions for data centers.
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