Netis Group Acquires Majority Stake in Netcom Technologies

Netis Group has officially signed an agreement to acquire a majority stake in Netcom Technologies, a Morocco-based company renowned for its expertise in technology integration and critical infrastructure solutions, including telecommunications, IT, security systems, and critical infrastructure.

Netis Group operates as a pan-African provider of telecom and energy infrastructure services, with operations across multiple countries on the continent. Its shareholder base includes prominent private equity investors Amethis and AfricInvest, as well as major development finance institutions such as the International Finance Corporation (IFC) and Proparco.

Commenting on the acquisition, Alykhan Kassam, CEO of Netis Group, said:
"This acquisition represents a transformative step that not only reinforces our core activities in Morocco but also broadens our service offering across all our operational markets. It enhances our capabilities and positions us strongly for the next phase of sustainable expansion. We remain confident and fully committed to accelerating our growth momentum."

The agreement remains subject to regulatory clearance, specifically approval from the Competition Council, before the transaction can be finalized.