Finance

SA’s Invicta Holdings buys KPM Holdings, first move in 2022

SA’s Invicta Holdings buys KPM Holdings, first move in 2022
Tuesday, 04 January 2022 14:08

South African Invicta Holdings announced it has acquired KMP Holdings Limited, a leading independent supplier of aftermarket heavy-duty diesel engine parts for industrial and agricultural machinery. The buyer spent R269.3 million ($16.9 million) for this transaction, which aligns with its African expansion strategy.

“Part of Invicta’s strategic focus is to diversify into new geographical areas in the industries and markets in which Invicta has significant experience and strong management capabilities. As such, KMP fits this profile,” Invicta said in a statement.

For the six months of operations ended September 30, 2021, Invicta Holding posted a 170% YoY increase in profit and a 25% YoY increase in revenue. The group achieved this result despite “an operating environment marked by covid-19 restrictions with the civil unrest in July 2021 in South Africa as well as volatile commodity prices that impacted the timing and availability of products sold by group subsidiaries.”

Acquiring KMP Holdings Limited opens up new opportunities for Invicta Holdings, through its subsidiary Equipment Spare Parts Africa (Pty) Ltd, which is a major customer of the acquired entity. The group believes that this transaction will provide it with "cross-training and skilling opportunities, as well as potential economies of scale." Invicta says it will continue to explore new growth opportunities as well as several acquisition projects on the continent.

Chamberline Moko       

On the same topic
Côte d’Ivoire raises 110bn CFA francs, meeting full target Investor demand hits 291bn CFA francs, nearly threefold oversubscribed Strong...
Three insurers placed under administration for failing solvency requirements Policyholders’ Compensation Fund takes control of...
Kenya and Rwanda sign deal to recognize payment licenses across borders The move aims to cut regulatory duplication and ease market...
SMEs drive up to 40% of GDP and most jobs but face regulatory and financial constraints Power shortages and limited access to finance remain major...
Most Read
01

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
02

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
03

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
04

World Bank announces $137 million to boost West Africa digital economy Program expands broad...

Benin, Liberia and Sierra Leone Receive $137M to Expand Digital Access for 5.2 Million People
05

ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...

ECOWAS Considers Regional Platform to Enforce Air Passenger Compensation
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.