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ACQUISITIONS: Invicta holding company acquires High Power Equipment Africa
Recent Western Cape Business News
“The acquisition is a strategic investment which will enable Invicta to broaden its product offering to the plant hire, construction, quarrying and mining industries in South Africa and into Africa. The transaction has been approved by the Competition Commission,” says Tony Sinclair, CEO, CEG. “HPE, the Hyundai earthmoving and construction equipment and spare parts agency for South Africa and surrounding countries, will form part of Invicta’s Capital Equipment Group and will continue to trade as HPE, operating as a separate entity from Invicta’s other related equipment operations.”
HPE, which has established a reputation for robust, quality machines, technical expertise and a reliable support service, is well positioned to increase its market share in the sectors in which it trades.
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