Jasco acquires Ramm Technologies stake to bolster technology offering

JSE-listed Jasco Electronics has acquired a 51% stake in Ramm Technologies for R30.6-million in a deal that will allow it entry into asset-tracking markets through Internet of Things (IoT) platforms, as well as provide further growth in new sectors and several cross-selling opportunities. Ramm, which operates its own national operations centre and which has operations across Gauteng and the Western Cape, bolsters Jasco’s access to real-time asset monitoring and management; workforce tracking and productivity analysis; experienced and capable management team; and the opportunity to offer proactive monitoring services to its existing customer base through the operations centre.