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Invicta Holdings, the Johannesburg-based investment holding company led by South African billionaire Christo Wiese, has successfully acquired Imexpart Limited, a prominent UK-based independent truck parts distributor. The strategic move aims to diversify Invicta’s operations and expand its global reach.
Invicta’s wholly-owned subsidiary, Euro Driveshaft Limited, facilitated the acquisition, which grants Invicta’s Replacement Parts Auto – Agri (RPA) business segment full ownership of Imexpart Limited.
This acquisition follows Invicta’s recent purchase of a 50-percent stake in KMP Far East (KMPFE), a heavy-duty diesel engine parts supplier based in Singapore. The consecutive acquisitions align with Invicta’s strategic focus on geographical diversification and leverage its extensive experience and management capabilities.
Founded in 1986, Imexpart has established itself as a reputable distributor of truck parts, offering customers an alternative to franchised networks. With headquarters in Birmingham and Leeds, the firm serves customers primarily in the UK and Ireland markets.
Invicta’s acquisition of Imexpart facilitates entry into the British and Irish markets, allowing the company to leverage its global RPA business and unlock synergies between the two entities. Imexpart’s procurement processes will be optimized by utilizing Invicta’s procurement capabilities, enabling more cost-effective inventory sourcing for clients.
Additionally, the acquisition will provide Imexpart access to a broader range of products available through Invicta’s existing operations. This integration of product ranges opens opportunities for cross-pollination and enhanced offerings to customers.
Invicta Holdings is widely involved in distributing engineering components and consumables. Its operations extend across South Africa, the rest of Africa, Europe, and the United States. The company distributes engineering consumables and fluid technology products and provides its clients with comprehensive on-site installation, maintenance, and solution services.
As the chairman of Invicta Holdings, Wiese controls a significant ownership stake of 19.23 percent in the Johannesburg-based investment holding company. Christo Wiese’s stake in Invicta has experienced a surge in market value, currently exceeding $29 million, thanks to investors’ positive reaction to the group’s financial performance.
With the acquisition of Imexpart, Invicta has solidified its position as a global player in the engineering components and consumables distribution industry. The strategic move reflects the company’s commitment to expanding its footprint in new geographical areas, capitalizing on its extensive experience, and strengthening its management capabilities.
