The deal forms part of iOCO’s broader efforts to strengthen its capabilities in enterprise networking and managed infrastructure services while expanding its presence in the market.
iOCO Limited has announced a strategic expansion move with the acquisition of the MySky Group, marking a significant step in its renewed growth strategy following a period of consolidation. The deal forms part of iOCO’s broader efforts to strengthen its capabilities in enterprise networking and managed infrastructure services while expanding its presence in the market.
The Group has entered into a binding agreement to acquire 100% of MySky, a collection of four companies specialising in enterprise networking and managed infrastructure solutions. The acquisition is expected to enhance iOCO’s networking capabilities, broaden its access to new enterprise clients, and support the growth of scalable, recurring revenue streams. The transaction is anticipated to be completed within approximately six weeks of the agreement.
The acquisition is valued at an initial R52 million, structured with R47 million in cash and R5 million in iOCO equity. The equity component will be subject to a three-year vesting period, while an additional performance-based tranche of the deal will depend on achieving predefined growth targets over the next two years. This structure aligns the transaction with long-term performance and value creation objectives.
The deal comes as iOCO continues to demonstrate improved financial performance, with strong growth in earnings, operating profit, and revenue across its IT services and international operations. The company has also reported success in securing multi-year contracts, which strengthens its forward order book and supports long-term growth visibility.
The acquisition of MySky represents a key milestone in iOCO’s strategy to transition into a more growth-oriented phase, leveraging targeted acquisitions to enhance its service offerings and expand its market reach. By integrating MySky’s capabilities, iOCO aims to position itself more competitively in delivering end-to-end technology and infrastructure solutions.
Looking ahead, the Group has raised its full-year guidance for FY2026, reflecting confidence in its growth trajectory and the expected contribution from strategic initiatives, including the newly announced acquisition.
