Skyblu Technologies signed an agreement to acquire Altech UEC South Africa (Pty) Ltd from Allied Electronics Corporation Limited (JSE:AEL) on September 25, 2018. The agreement is subject to a number of conditions precedent including Competition Commission approval. The final conditions are expected to be concluded by the end of November 2018. Skyblu Technologies completed the acquisition of Altech UEC South Africa (Pty) Ltd from Allied Electronics Corporation Limited (JSE:AEL) on January 23, 2019. Skyblu Technologies will continue to offer employment opportunities. The deal has received the approval of Competition Commission.