Investment holding group Wooltru said on Wednesday it has entered into agreements to acquire 100 percent of PBT Group (SA) (Pty) Limited for R5.146 billion.
PBT, which owns Stricklands Tetra Cape (Pty) Limited and 51 percent of PBT Insurance Technologies (Pty) Limited, conducts business intelligence and information management services to large national and international clients in South Africa and Australia.
In addition, the PBT Group provides specialist health care management solutions and services.
Wooltru said the acquisition will provide it with participation in an IT company with good long term growth prospects; as well as the potential to achieve greater liquidity on the JSE. - I-Net Bridge