--- title: Datatec shelves plans to list Logicalis in Brazil, for now | ITWeb description: The technology group says current market conditions forbid the group from listing its subsidiary Logicalis in Latin America. image: https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/03qibxrAEo2NosupgcRQw2bMWeOGqZiwetEk_ALT4Ncu59esDmNCSkx15AHZdj1HFgCTkWLxKEgGWjdJ1MD--c4=w816-h428.jpeg --- [![vast.png](https://hubspot.obscuretech.net/hs-fs/hubfs/ObscureLogo-02.png?width=1000&height=354&name=ObscureLogo-02.png "vast.png")](http://www.obscuretech.net) Open main menu Close main menu - [Technology Partners](https://obscuretech-6344971.hs-sites.com/technology-partners) Open the submenu - [BeyondTrust](https://obscuretech-6344971.hs-sites.com/beyondtrust) - [Cybereason](https://obscuretech-6344971.hs-sites.com/cybereason) - [Forescout](https://obscuretech-6344971.hs-sites.com/forescout) - [Gytpol](https://obscuretech-6344971.hs-sites.com/gytpol) - [Netskope](https://obscuretech-6344971.hs-sites.com/netskope) - [OKTA](https://obscuretech-6344971.hs-sites.com/okta) - [OneTrust](https://obscuretech-6344971.hs-sites.com/onetrust) - [Palo Alto Networks](https://obscuretech-6344971.hs-sites.com/palo-alto-networks) - [Pentera](https://obscuretech-6344971.hs-sites.com/pentera) - [Proofpoint](https://obscuretech-6344971.hs-sites.com/proofpoint) - [Radware](https://obscuretech-6344971.hs-sites.com/radware) - [RiskIQ](https://obscuretech-6344971.hs-sites.com/riskiq) - [Rubrik](https://obscuretech-6344971.hs-sites.com/rubrik) - [Splunk](https://obscuretech-6344971.hs-sites.com/splunk) - [Tenable](https://obscuretech-6344971.hs-sites.com/tenable) - [Trend Micro](https://obscuretech-6344971.hs-sites.com/trend-micro) - [Obscure Blog](https://hubspot.obscuretech.net/blog) - [About Us](https://obscuretech-6344971.hs-sites.com/about-us) - [Contact Us](https://obscuretech-6344971.hs-sites.com/contact-us) # Datatec shelves plans to list Logicalis in Brazil, for now [ITWeb](https://hubspot.obscuretech.net/blog/author/itweb) [Share this blog post on Twitter](https://twitter.com/intent/tweet?text=I+found+this+interesting+blog+post&url=https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/j5alrvqayb1vpyqk) [Share this blog post on Facebook](http://www.facebook.com/share.php?u=https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/j5alrvqayb1vpyqk) [Share this blog post on LinkedIn](http://www.linkedin.com/shareArticle?mini=true&url=https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/j5alrvqayb1vpyqk) ![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/03qibxrAEo2NosupgcRQw2bMWeOGqZiwetEk_ALT4Ncu59esDmNCSkx15AHZdj1HFgCTkWLxKEgGWjdJ1MD--c4=w816-h428.jpeg) ![Datatec CEO Jens Montanana.](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/03qibxrAEo2NosupgcRQw2bMWeOGqZiwetEk_ALT4Ncu59esDmNCSkx15AHZdj1HFgCTkWLxKEgGWjdJ1MD--c4.jpeg) Datatec CEO Jens Montanana. Technology group Datatec says current market conditions forbid the group from listing its subsidiary Logicalis in Latin America. The JSE-listed group, which today released its half-year results ending August, says while the potential listing of Logicalis’s Latin American business on the Brazilian Stock Exchange remains of high interest, “current market conditions make the timing of any potential listing undeterminable”. Logicalis is Datatec’s largest contributor in terms of profitability and has the widest geographical exposure. The technology TECHNOLOGY [![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/SqwidNet-logo_xl-Sep-18-2023-05-44-41-4888-PM.gif)](http://adx.itweb.co.za/adclick.php?bannerid=27063&zoneid=0&source=&dest=https%3A%2F%2Fwww.sqwidnet.com%2F&ismap=) [Driving innovation through IoT. Sqwidnet can give you the tools to bring your ideas to life. Connect with us.](http://adx.itweb.co.za/adclick.php?bannerid=27063&zoneid=0&source=&dest=https%3A%2F%2Fwww.sqwidnet.com%2F&ismap=) ![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/adlog-Sep-18-2023-05-43-43-8157-PM.php) group says it intends to continue to develop and grow Logicalis globally, both organically and through acquisitions. The company has already gone shopping. In September last year, Logicalis [purchased](https://www.itweb.co.za/content/WnpNgM2ARjY7VrGd) a 70% interest in Cilnet, a Cisco systems integrator and managed services business in Portugal. In addition, Logicalis Germany acquired Orange Networks, a Microsoft services business focused on Microsoft cloud and managed services. In July 2019, it acquired Mars Technologies, an IT services business, with offices in Cape Town, Johannesburg, Port Elizabeth, Durban and East London, employing 76 staff. ##### See also ## [Logicalis on the hunt with R2.3bn war chest](https://hubspot.obscuretech.net/content/PmxVEMKXYVzqQY85) ## [Datatec unit acquires German telecoms consulting firm](https://hubspot.obscuretech.net/content/rxP3jMBmXwe7A2ye) In the current reporting period, Logicalis’s revenue fell 10% to R11.4 billion ($700.2 million), largely due to unfavourable currency effects in Latin America. Keeping out the currency effects, revenue for Logicalis was 1.9% lower. Commenting on the overall group performance for the period under review, Jens Montanana, chief executive of Datatec, says the company showed great resilience during a period of unprecedented COVID-19-related disruptions. “Our divisions provide PROVIDE [![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/SqwidNet-logo_xl-Sep-18-2023-05-44-41-4888-PM.gif)](http://adx.itweb.co.za/adclick.php?bannerid=27067&zoneid=0&source=&dest=https%3A%2F%2Fwww.sqwidnet.com%2F&ismap=) [Driving innovation through IoT. Sqwidnet can give you the tools to bring your ideas to life. Connect with us.](http://adx.itweb.co.za/adclick.php?bannerid=27067&zoneid=0&source=&dest=https%3A%2F%2Fwww.sqwidnet.com%2F&ismap=) ![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/adlog-Sep-18-2023-05-44-15-0935-PM.php) many of the products and services required to support a remote IT network-based way of doing business, an increasing trend that we see continuing well beyond the current pandemic. "Whilst the path of COVID-19 remains uncertain, Datatec is well-positioned to support its customers' requirements and we anticipate the positive momentum experienced during the first half to continue throughout 2020 and into 2021.” In the six months ending August, Datatec’s group revenues were down 1% to R33 billion, while earnings before interest, taxation, depreciation and amortisation was down 13% to R977 million. ### Leave a Comment ## Related Articles [![](https://hubspot.obscuretech.net/hubfs/Imported_Blog_Media/5CmiaHVY91pHG-ZqD1XBy_j62tYSHlDL2l1EXoWpzkmICeOwMPFJCcSPZByThJA2ccqU4217Xk9CaNhPftfZ8zY=w816-h428.jpeg)](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/4r1ly7rbwln7pmda) ### [Job cuts, COVID-19 to knock Telkom’s earnings](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/4r1ly7rbwln7pmda) [ITWeb](https://hubspot.obscuretech.net/blog/author/itweb) [Read More](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/4r1ly7rbwln7pmda) ### [Alibaba Named by Gartner as Third Biggest Global Provider for IaaS and First in Asia Pacific](https://hubspot.obscuretech.net/blog/office/obscuretechnologies/content/vgzeyvjondm7djx9) Alibaba Cloud, the data intelligence backbone of Alibaba Group, announced that it has the third biggest market share in the global Infrastructure as a Service (IaaS)... 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