Liquid Intelligent Technologies completes acquisition of Telrad – Creamer Media's Engineering News
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Liquid Intelligent Technologies completes acquisition of Telrad
16th August 2022
By: Natasha Odendaal
Creamer Media Senior Deputy Editor
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Technology infrastructure and services provider Liquid Intelligent Technologies has finalised its 100% acquisition and delisting of Israeli-based technology company Telrad.
Telrad, which has a presence in 13 countries across the Middle East, South America, the US, Eastern Europe and Asia, offers innovative technology products, services and solutions, including networking, cloud infrastructure, information technology, geoinformatics and cybersecurity, for global businesses and governments.
“Earlier this year, Liquid had entered into a definitive agreement to acquire Telrad, and I am pleased that we have concluded this transaction. We look forward to the seamless integration of Telrad’s strong research and development programme and technology solutions in cybersecurity, data centres and wireless access technology with Liquid’s existing portfolio of solutions,” says Liquid deputy chairperson Nic Rudnick.
“Liquid and Telrad share similar ideologies of empowering customers through cost-effective connectivity and technology solutions. Together, we will continue to digitally transform businesses globally.”
Telrad CEO Moti Elmaliach adds that the acquisition is an “exciting” step and an opportunity to innovate and grow exponentially in both the Israeli and international markets.
Telrad will continue to be led by Elmaliach as CEO, who will also be appointed to Liquid parent company Cassava group’s executive team and will be part of the international growth of the Liquid business globally.
“Telrad has an incredibly strong track record of success and a rich history of innovation. We are excited to join forces and to leverage Telrad’s expertise across the full technology value chain along with that of Liquid and the wider Cassava group.”
Edited by: Creamer Media Reporter
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By: Bloomberg
The South African government received an unsolicited bid for its 40.5% stake in Telkom, following an announcement that MTN Group is planning to acquire part of the carrier. Investment firm Toto Consortium made an offer valued at $433-million for the stake in the nation’s third-largest mobile-phone company, according to Bloomberg calculations. The Telkom bid is based on a 30-day average share price of the firm, plus a 20% black empowerment discount, according to an offer letter seen by Bloomberg. →
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