Jasco acquires majority stake in Reflex

JSE-listed Jasco Electronics has acquired a majority 51% stake in Johannesburg-based information technology (IT) managed services group Reflex Solutions for R39.8-million. The acquisition of Reflex, which recently expanded into fibre-to-the-home (FTTH) solutions, adding to a portfolio of hosted IT Infrastructure and cloud services, would lift Jasco up the value chain towards a higher-margin professional service and annuity-based offering.