e-spaces

Johnnic Communications on Friday announced the acquisition by Exclusive Books of Van Schaik Bookstore, a division of VIA Afrika Limited, for an undisclosed sum, subject to certain conditions precedent, including Competition Commission approval. Prakash Desai, Johncom group CEO, commented: “Van Schaiks provides a natural synergistic fit with Exclusive Books.”

Johnnic Communications (Johncom) on Friday announced the acquisition by Exclusive Books of Van Schaik Bookstore, a division of VIA Afrika Limited, for an undisclosed sum, subject to certain conditions precedent, including Competition Commission approval.

Prakash Desai, Johncom group CEO, commented: “Van Schaiks provides a natural synergistic fit with Exclusive Books. We expect the acquisition to be value and earnings accretive on day one.”

Fred Withers, CEO of Exclusive Books, commented: “We recognise the incredible importance of education in South Africa today. Van Schaiks is a leading national brand in the academic textbook market. We are excited about working with the Van Schaik management to grow the combined group product range and broaden our customer base.” — I-Net Bridge