| Thu 6 Dec 2018, 10:23 | | INVICTA HOLDINGS LIMITED - Voluntary Announcement Regarding The Acquisition Of The Driveshaft Parts Group |
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IVT IVTP 201812060023A
Voluntary Announcement Regarding The Acquisition Of The Driveshaft Parts Group
Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
Preference Share code: IVTP Preference Share ISIN: ZAE000173399
("Invicta" or "the Company")
VOLUNTARY ANNOUNCEMENT REGARDING THE ACQUISITION OF THE DRIVESHAFT PARTS GROUP
Invicta is pleased to announce that its subsidiary, Invicta South Africa Holdings (Pty) Ltd, has entered into
an agreement to acquire the entire issued share capital of the Driveshaft Parts Group of companies (the
"Acquisition") through its subsidiary Marablox (Pty) Ltd (trading as Autobax), which forms part of Invicta’s
Engineering Solutions Group ("ESG"). The Acquisition will be complete after the fulfilment of certain
conditions precedent.
The Driveshaft Parts Group specializes in the supplying of power transmission components such as drive
shafts, universal joints, propshafts, propshaft components and centre bearings to the automotive
industries. The Driveshaft Parts Group comprises of two main businesses, namely Propshaft Rebuilders
(Pty) Ltd ("Propshaft Rebuilders"), registered and operating in South Africa and Euro Driveshafts Limited
Sp. z o.o. ("Euro Driveshafts"), registered and operating in Poland. Propshaft Rebuilders is known for
delivering premium automotive solutions to the South African market. The established national footprint
incorporates a head office in Johannesburg and branches in Durban, Pietermaritzburg and Cape Town.
Euro Driveshafts likewise is one of the biggest suppliers in Central and Eastern Europe with newly
established branches in UK, Spain and the Ukraine.
Invicta’s position as one of the leading firms in the automotive and power transmission component
industry is further enhanced by the acquisition of the Driveshaft Parts Group, which will form part of ESG.
In terms of the categorisation rules of the JSE Limited's Listings Requirements the Acquisition falls below
the threshold for announcement on SENS. Nevertheless, the board of Invicta deems it appropriate to
inform its various stakeholders of the Acquisition.
Company Secretary
Lize Dubery
Cape Town
6 December 2018
Sponsor Deloitte & Touche Sponsor Services (Pty) Ltd
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