Communication to Stakeholders - Sale of PTSI to EOH and introduction of IST

Dear Trading Partner - You will be aware, from past media communications, that Powertech System Integrators (Pty) Ltd (“PTSI”) was acquired by the EOH group as a subsidiary of EOH Industrial Technologies (Pty) Ltd, effective 1 August 2017.  Having completed all the contractual formalities, including the competition authority approvals, our integration into the EOH group is now underway.

EOH’s substantial footprint in South Africa, and expanding presence on the African continent and in other global markets, combined with its dedication to the development and growth of those markets, make us confident and optimistic about the prospects this venture holds for our business. EOH’s commitment to entrepreneurship and service, through technology and people, resonates with our own strategy and we see exciting growth prospects for our business and people.

We are part of the EOH group but remain directly accountable for our own business and reputation. This provides the opportunity to reposition our business and we have accordingly decided to return to the IST brand.  As of 8 January 2018, our company name has changed from Powertech System Integrators (Pty) Ltd (PTSI) to Integrators of Systems Technology (Pty) Ltd (IST).  We believe that the IST name carries significant credibility in our market and speaks to our objectives to integrate, solve, together.

I want to thank you sincerely for your custom and friendship over many years, assure you that all is well at IST, and reiterate that our commitment to this market remains unchanged. We will keep you informed of the exciting developments at IST as they progress.

 

Yours sincerely

Hennie du Plessis

Chief Executive Officer