IVT
IVT
IVT - Invicta - Announcement
Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Share code: IVT ISIN code: ZAE000029773
("Invicta")
ANNOUNCEMENT
Invicta is pleased to announce that it has concluded an agreement with the
current shareholders of Criterion Equipment (Pty) Ltd ("Criterion") for the
acquisition of 100% of Criterion with effect from 1 June 2009. Criterion is the
importer and distributor of both the TCM forklift range as well as Jeung
Heinrich warehousing equipment. The acquisition is seen as a complimentary
acquisition to the existing capital equipment operations in Invicta. Invicta
intends to maintain the Criterion distribution network and brand in the market,
and lever off its existing capital equipment distribution and workshop
facilities where appropriate and synergistic. TCM forklifts are imported from
Japan and have been established in the market as a quality product well suited
for the many applications in the South African economy, while Jeung Heinrich, is
the premium brand in specialised warehousing equipment. Jeung Heinrich is
manufactured in Europe.
The transaction falls below the threshold of the categorization of transactions
which require disclosure in terms of the JSE Limited`s Listings Requirements.
Nevertheless, due to the strategic nature and future positive impact of this
acquisition, the directors of Invicta deemed it appropriate to inform
shareholders of the transaction. The purchase price is not material to the
Invicta group.
Cape Town
4 June 2009
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1996/000034/07)
Date: 04/06/2009 16:04:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
