September 23, 2021
Competition Tribunal approves Altron acquisition of Lawtrust
Africa’s leading security services provider has been created after the Competition Tribunal approved the acquisition of digital signature services company Lawtrust by JSE-listed Altron.
The R245-million deal will see Lawtrust being integrated into Altron, which also acquired identity management market leader, Ubusha Technologies, in 2019 to form Altron Security.
Altron Group Chief Executive, Mteto Nyati, said the acquisition of Lawtrust positioned Altron Security as a one-stop shop for digital and information security.
Lawtrust is a digital trust services and cyber information security solutions company which provides solutions used to verify the authenticity of digital identities and counterparty systems in transactions, data encryption, digital signatures, as well as biometrics. Lawtrust provides services to over 500 customers in the private and public sectors and is an internationally certified Certificate Authority for the provision of publicly trusted digital certificates and digital signatures.
Altron Security is also establishing a local presence in the United Kingdom where its offerings are in demand.