Capital Appreciation Limited (CTA) is pleased to announce the successful conclusion of its acquisition of Dariel Solutions Proprietary Limited. After meeting all suspensive conditions, the transaction officially became effective on Monday, July 3, 2023.
CTA, incorporated in the Republic of South Africa under registration number 2014/253277/06, is widely recognized for its advanced technology offerings. Its shares are traded under the share code CTA with the ISIN ZAE000208245.
The acquisition of Dariel Solutions, a prominent technology solutions provider, represents a strategic move for CTA in expanding its business portfolio. By finalizing this transaction, CTA aims to consolidate its position in the technology industry and enhance its service offerings to a broader range of clients.
This significant acquisition process was initiated on April 24, 2023, when CTA first announced its intention to acquire Dariel Solutions. Over the past few months, CTA has diligently worked towards fulfilling all the necessary requirements and conditions to successfully conclude the transaction.
By fulfilling all suspensive conditions, CTA has demonstrated its commitment to the acquisition and its confidence in the potential benefits it will bring. The integration of Dariel Solutions into CTA’s operations aligns with the company’s strategic goals and growth plans, enabling it to broaden its capabilities and explore new opportunities within the technology sector.
Dariel Solutions, a renowned technology solutions provider, specializes in software development, systems integration, and data analytics. The acquisition of Dariel Solutions will grant CTA access to its extensive expertise, knowledge, and loyal customer base. This will undoubtedly contribute to CTA’s overall growth and expansion within the industry.
Investec Bank Limited acted as the sponsor for this acquisition, providing invaluable financial support and guidance throughout the process. Their involvement further highlights the significance of this transaction and reinforces the confidence and trust placed in CTA’s strategic decisions.
With the successful conclusion of the acquisition, CTA is poised to enter a new phase of growth and diversification. The company aims to leverage the synergies between its existing business units and Dariel Solutions to deliver innovative and comprehensive technology solutions to its clients.