4sight snags its first acquisition since listing


4sight snags its first acquisition since listing

Published Date: 2017-10-23 | Source: Stephen Gunnion | Author: Stephen Gunnion

4sight snags its first acquisition since listing

The JSE's newest listing has a strong pipeline of deals

True to its word, 4sight has made its first acquisition just one day after listing on the JSE's AltX. The technology holding company has bought engineering technology BluESP for R54.8 million, with effect from its listing date. 4sight will settle the deal with R19.8 million in cash and 17.5-million shares at the R2 issue price it listed them on the JSE. The shares are already worth R2.50, after gaining 6.4% on Friday.

BluESP develops software solutions to the mining and manufacturing sectors to help them operate plants and processes better by collecting data from sensors, equipment and Internet-of-Things devices. The data is stored in a real-time data warehouse from where it can be analysed. 4sight says Real-Time Optimisation solutions offer extremely attractive returns on investment through efficiency improvements, emission control, reduced costs and higher throughput. Local customers include Sasol, Anglo American, Glencore, Impala Platinum, Lonmin, among others, while globally it parents with First Quantum Minerals, GS Caltex and Shell.

Related article: 4sight to bring the "Internet-of-Things" to the JSE

4sight's other main operating subsidiary is Digitata, the Mauritian business it bought in July which specialises in the Internet-of-Things, big data, machine learning, artificial intelligence, block-chain technology and data science. Other targets in its acquisition pipeline include systems integrator AGE Technologies Jhb; and Foresight, which owns stakes in a number of data analytics companies.

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