• South Africa’s Reunert Group has merged its subsidiaries, IQbusiness and +OneX, into iqbusiness, a business and technology services “digital integrator,”  stating that it is certified as Level 1 B-BBEE.

• According to Reunert, the merger is part of a refreshed iqbusiness brand that includes iqx and midnight. “iqx” would lead its technology capabilities, while “midnight” focuses on innovation and digital ecosystems.

• Following the merger, iqbusiness, the solutions digital integrator within Reunert ICT, will be led by Adam Craker as CEO. Meanwhile, Rob Godlonton and René Bredenkamp from +OneX will respectively serve as the managing partner of the Solutions Services Group and Chief Financial Officer of iqbusiness.

Before the merger, Reunert had already announced in April 2024 that it was merging its subsidiaries into a single, client-focused business, bringing together approximately 1,500 team members. Moreover, the merger follows Reunert’s acquisition of a 74.2% stake in IQbusiness in 2023.

IQbusiness has operated in South Africa since 1998 as an independent management and technology consulting firm. Commenting on the merger, Godlonton stated that it would enable both businesses to deliver end-to-end business and technology solutions to their clients.

Craker expressed his excitement about leading this new phase, reflecting on the achievements since forming +OneX, and the next chapter through iqx, midnight, and the broader iqbusiness brands. He added that it would unlock potential for clients and the markets they serve.

Graeme Eddey, CEO of the Reunert ICT segment, added that the merger, which aims to create a digital integrator, is a key component of Reunert ICT’s strategic growth initiatives. The CEO stated that, along with Nashua, Skywire, ECN, and Quince, iqbusiness, augmented by iqx and midnight, generates synergies that allow the company to advance its business solutions locally and internationally.

Meanwhile, a month before finalising the merger, in September 2024, Reunert was reportedly one of the best-performing technology shares on the Johannesburg Stock Exchange (JSE), with a price return of around 30% in 2024. It is considered South Africa’s leading specialist in electric lighting and power transmission fields.

In addition to expanding its ICT segment into digital integration solutions, Reunert intends to pursue additional growth opportunities, such as investing in the renewable energy ecosystem, owning renewable solar assets, increasing international revenue, and establishing a presence in strategically important locations.