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ACQUISITIONS: Invicta holding company acquires High Power Equipment Africa

 



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Invicta has announced that its holding company for its South African operations, Humulani Investments (Pty) Ltd, through its Capital Equipment Group (“CEG,”) has concluded an agreement to acquire 100% of the ordinary share capital of High Power Equipment Africa (Pty) Ltd (HPE.)

“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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