Adapt IT acquires LGR Telecommunications for R74 million

Adapt IT has acquired LGR Telecommunications and its subsidiaries for R74m, a transaction that is expected to diversify the group’s revenue streams into many African countries and Australia. LGR Telecommunications is a software-based company with recurring revenue streams derived from large global telecoms networks. LGR services the major network service providers that operate in various countries in Africa and in Australia. Its customer base comprises carrier network operators, mobile virtual network operators and channel partners. Adapt IT provides a variety of specialized IT software solutions and services to various sectors in 40 countries within Africa, Asia, Australasia, Europe, South America and North America.

 

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