Kazang, the prepaid vending division of Saicom, announced today that it had acquired the customer base and management team of Safrisol. Safrisol was one of Kazang’s largest customers and was the first agent ever to re-sell Kazang prepaid services. The base consists of more than 500 prime sites located predominantly in the Western Cape and some sites throughout the rest of South Africa.
“It’s a great acquisition for us.” said Martin Wright, CEO of Kazang. “Not only do we get direct control of a high quality customer base that is growing rapidly, we also get Mark Torrington and Avril Cowie to join our team as employees and continue the great work.” Wright went on to comment that it was rare to find a base that was of such high revenue per site and that was still expanding rapidly in what has been difficult times in the industry as of late. He stated this helps Kazang execute its strategy of rapidly growing its terminal footprint to mid-tier retailers and in the informal and rural communities.
“Avril and I are very pleased to be joining Kazang.” stated Mark Torrington, former MD of Safrisol. “It’s not easy for a smaller player to compete against the likes of Blue Label and joining forces with Kazang gives us the muscle we need to continue the rapid expansion of our footprint.”
Financial terms of the acquisition were not disclosed.
Kazang is a division of Saicom Payphones and operates a terminal footprint in excess of 12,000 active terminals in South Africa. In addition Kazang operates with partners in seven countries throughout Africa. For more information visit www.kazang.com.