Convergence Partners, a leading pan-African private equity firm, has received regulatory approval for its acquisition of Datacentrix, a prominent ICT integration services provider in South Africa. This strategic acquisition, announced earlier this year, aligns with Convergence Partners’ focus on investing in high-growth companies within the African technology sector.
The acquisition of Datacentrix, which has been operating in the South African market for over two decades, was facilitated by the Convergence Partners Digital Infrastructure Fund (CPDIF), a $296 million fund dedicated to driving digital inclusion across the African continent. The CPDIF, with its focus on data centers, fiber networks, wireless towers, and AI, positions Convergence Partners at the forefront of the evolving digital landscape in Africa.
This acquisition is expected to have a significant impact on the African ICT sector. Datacentrix, with its strong market position and experienced management team, will continue to operate independently, leveraging this new partnership to expand its reach and further enhance its service offerings.
Convergence Partners, recognizing the increasing importance of AI across various sectors, views this acquisition as a crucial step towards capitalizing on the burgeoning AI market in Africa. The company believes that Datacentrix’s existing partnerships and expertise will be instrumental in forging new alliances and driving innovation within the AI-driven enterprise landscape.
