The Reunert Group in South Africa has successfully consolidated its subsidiaries, IQbusiness and +OneX, to form a new entity known as iqbusiness. This newly merged entity positions itself as a “digital integrator” in the business and technology services sector, boasting a Level 1 B-BBEE certification. This merger is a strategic move to refresh the iqbusiness brand, introducing two specialized divisions: “iqx” for leading technology capabilities and “midnight” for focusing on innovation and digital ecosystems.
Adam Craker has been appointed as the CEO of iqbusiness within the Reunert ICT division, with Rob Godlonton from +OneX taking on the role of managing partner of the Solutions Services Group, and René Bredenkamp assuming the position of Chief Financial Officer.
This consolidation, announced in April 2024, aims to create a unified, client-centric business, amalgamating around 1,500 team members. This move follows Reunert’s acquisition of a 74.2% stake in IQbusiness in 2023, a company that has been providing independent management and technology consulting services in South Africa since 1998.
Rob Godlonton remarked that the merger would enhance the ability to offer comprehensive business and technology solutions to clients. Adam Craker shared his enthusiasm for leading the new phase, emphasizing the potential benefits for clients and the markets they serve through the expanded capabilities of iqx, midnight, and the iqbusiness brands.
Graeme Eddey, CEO of Reunert’s ICT segment, highlighted that the creation of this digital integrator is a crucial part of Reunert ICT’s strategic growth plans. He noted that iqbusiness, along with its new divisions iqx and midnight, will generate synergies with other Reunert companies like Nashua, Skywire, ECN, and Quince, enhancing the group’s ability to offer advanced business solutions both locally and internationally.
In the lead-up to the merger’s finalization in September 2024, Reunert’s stock was among the top-performing technology shares on the Johannesburg Stock Exchange (JSE), showcasing a price return of approximately 30% for the year. The company is recognized as a leader in the electric lighting and power transmission sectors in South Africa.
Beyond the merger, Reunert is looking to further expand its ICT segment by venturing into digital integration solutions and exploring additional growth avenues. These include investments in the renewable energy ecosystem, ownership of renewable solar assets, boosting international revenue, and establishing a strategic presence in key locations.
