EOH, one of South Africas largest business technology services companies, has announced a major restructuring, which will result in the creation of two distinct businesses in the group, one of which will continue to trade under the EOH brand and the other with its own brand and identity.
The new business, called NewCo for now, will be launched within the next two months, EOH said in a statement to shareholders on Monday before markets opened.
The two businesses will also have their own growth strategies, go-to-market approaches, business models and cultures, EOH said.
The EOH-branded business, which will make up 55% of group revenue, will offer end-to-end IT services, including systems integration, and growth will be largely organi…
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