Finance

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

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

(Ecofin Agency) - 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.

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