Altron walked away from multiple M&A deals

South African technology group Altron walked away from several acquisition targets in FY2026 due to pricing and structural concerns, instead declaring a R500-million special dividend. CEO Werner Kapp confirmed future M&A will focus on acquiring technology capabilities for its platform businesses — Netstar, Altron FinTech, and Altron HealthTech — which now generate 95% of group operating profit. International expansion remains largely limited to Netstar's Southeast Asia vehicle tracking operations. A spin-out or separate listing of platform businesses was ruled out near-term, despite Altron FinTech posting 33% operating profit growth. A capital markets day is scheduled for 9 June to outline the next strategic phase.