Invicta acquires UK-based Spaldings for R282m

JSE-listed Invicta Holdings Limited has acquired the UK-based Spaldings Limited for R282.2 million through its subsidiary, Invicta Global Holdings Limited. The transaction became effective on 1 September 2025.

Founded in 1954 and headquartered in Lincoln, Lincolnshire, Spaldings is a distributor of agricultural and ground care components, supplying replacement parts and machinery.

The acquisition is said to form part of Invicta’s strategy to expand into international markets where it has strong sector experience and management expertise. The company said the deal provides a platform to grow its global replacement parts and engineering (RPE) business, while unlocking synergies through procurement efficiencies and access to a broader range of products.

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The acquisition will be fully funded from Invicta’s existing cash resources.

Spaldings reported an aggregated net profit of £526,838 for the year to 31 December 2024, with sustainable annual profit for 2025 expected in the range of £1.4 million to £1.6 million. The company had a net asset value of £4.5 million as at December 2024.

The transaction is classified as a category 2 acquisition under the JSE Listings Requirements and does not require shareholder approval.

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