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Listed technology consulting company 4Sight Holdings has continued its aggressive expansion drive with the acquisition of a majority stake in modelling firm Simulation Engineering Technologies (SET). In October 2017, 4Sight Holdings acquired engineering technology company Blue ESP for nearly R55 million, following which it acquired Foursight South Africa for just over R85 million. The latest acquisition is valued at R53.5 million for 70% of the shares in SET. 

4Sight Holdings buys Simulation Engineering Technologies4Sight Holdings classifies itself as an investment firm which specialises in industry 4.0 and digital advancement. The company acquires tech-based entrepreneurial ventures, and “facilitates growth and innovation through the exchange of information in this large network of technology experts”.

SET is a consulting company that specialises in the building of realistic discrete-event computer simulation models of complex systems in a wide variety of sectors, including mining, rail, logistics, manufacturing, and a number of service-oriented industries in South Africa. Founded in 2004, SET also provides other consulting services such as production scheduling, warehouse slotting optimisation, and capacity planning.

The deal, effective as of 1 April, will see SET become a subsidiary of 4Sight Holdings but is still subject to some conditions which must be met before 15 April.

“The acquisition is in line with 4Sight Holdings’ acquisitive and organic growth strategy of acquiring industry 4.0 companies and provides the 4Sight Holdings group with deep skills in data science and real-time decision-making solutions, with large customer bases internationally and in South Africa, and the ability to enhance solutions across customers and industries,” the company said in a statement.

4Sight’s services are carried out through its network of subsidiaries, which SET will now join. The company says it will continue to”place emphasis on further improving existing advancements in technology such as artificial intelligence, machine learning, blockchain, cloud-based analytics, real-time data engines and a number of others”.

Image credit:  Copyright: niserin / 123RF Stock Photo

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