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Altron warns its annual earnings likely to fall 29% on Covid-19 disruption By Sandile Mchunu Share DURBAN - ALLIED Electronics Corporation (Altron) yesterday warned that its full-year earnings were likely to fall as much as 29 percent, partly because of poor economic activity and the trading restrictions put in place to limit the impact of Covid-19. As a result, Altron said in a trading update, it expected its headline earnings per share (Heps) for the year to the end of February to decline by between 21 percent and 29 percent, to between 124 cents and 137c a share, down from the restated fig...

Altron acquires security firm Lawtrust for R245 million Subscribe JSE-listed Altron has acquired digital signatures services company Lawtrust from Etion for R245 million subject to Competition Commission approval. Lawtrust is a digital trust services and cyber information security solutions company which provides solutions used to verify the authenticity of digital identities and counterparty systems in transactions, data encryption, digital signatures, as well as biometrics. “In 2019 we acquired Ubusha Technologies, a leader in identity management. Ubusha formed the foundation of Altron Se...

by JOHANNESBURG, (CAJ News) – ALTRON, the Johannesburg Stock Exchange-listed company, has acquired digital signatures services firm, Lawtrust, in a deal worth R245 million (US$17 million). The acquisition from Etion is subject to Competition Commission approval In 2019, Altron acquired Ubusha Technologies, a leader in identity management, which formed the foundation of Altron Security. “It has proven to be a great acquisition as customers accelerated their digital transformation due to COVID-19. The acquisition of Lawtrust positions Altron Security as a One Stop Shop for all that is dig...

(Incorporated in the Republic of South Africa) Share code: AEL ISIN: ZAE000191342 (“Altron” or “Altron Group” or “the Company”) ACQUISITION OF LAWTRUST – CATEGORY 2 TRANSACTION 1. INTRODUCTION TMTSA Group Proprietary Limited (“Altron TMTSA”) has entered into an agreement (“Agreement”) with Etion Limited, a South African public company listed on the Johannesburg Stock Exchange with Registration Number 1987/001222/06 (“Etion”), in terms of which Etion will sell and Altron TMTSA will acquire 100% of the issued...

The state of security and future of predictive identity The Covid-19 pandemic has drastically changed the face of IT work environments and so security must evolve. However this should be balanced with the need to reduce workload that compliance places on line of business. Listen to the podcast below to learn more about Altron Security’s offerings and how they, as Identity Security leaders, use AI to make predictive identity a business reality. Andrew Whittaker on Altron’s attitude toward security: Security is vitally important to Altron. It’s pervasive across our group and everything th...