Lebanon Businessnews News

Two acquisitions by ITG
Company invests
in high-growth fields
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Information Technology Group (ITG) acquired Light and Build SAL, established in 2004. It is active in the Home Automation field in the local market. It is also specialized in the provision of electrical wiring devices, lighting, electrical supplies, and finger print access. It is majority-owned and managed by Mona Hajj.

Light & Build’s business has been integrated within SysPro SAL, an ITG subsidiary that offers Intelligent Building and Office Automation solutions. This partnership is expected to prompt greater efficiencies and increase ITG footprint in the ‘Smart Living’ concept.

ITG is a large holding company handling a portfolio of autonomous businesses specialized in ICT products, services and solutions.

ITG has also acquired Heliozid Océ’s business in the local market. The new business will be incorporated into the activity of Image Systems, an ITG subsidiary.

Heliozid Océ was established in 1967 as a joint venture between Océ N.V. in Netherlands and Heliozid in Lebanon.

Image Systems is active in the provision of Canon imaging and printing solutions. Heliozid Océ Reprographic Lebanon SARL, a subsidiary of Heliozid Océ Reprographics Cyprus Ltd (Holding), offers large format printing solutions. This merger will further strengthen Image Systems’ position in the printing market. Globally, Canon had acquired Océ around a year ago.
Reported by Rana Freifer
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Date Posted: Mar 28, 2014