Altron TMT assures of turnaround on enhanced strategy

After presenting dire financial results to shareholders this week, JSE-listed Allied Electronics (Altron) has developed a strategy incorporating joint ventures, key acquisitions, disposals, international expansion and cost savings to pull its Telecommunications, Multimedia and Information Technology (TMT) division back from its decline. The end of February 2015 marked the completion of the first full financial year for Altron TMT as a converged unit – becoming a key contributor to its parent company’s financial performance.