Invicta Holdings Limited, has extended its capital equipment operations with the recent acquisition of 100% of the share capital of Criterion Equipment (Pty) Limited.
“The acquisition of Criterion Equipment, which was effective from 1 June 2009, expands Invicta’s engineering and capital equipment product portfolio and extends the company’s service to a broader customer base,” says Tony Sinclair, CEO, capital equipment division of Invicta Holdings. “Criterion Equipment, which was previously owned by Murray & Roberts, Old Mutual and the J&J Group, has traded in South Africa for nearly 40 years as distributors and hirers of TCM forklifts and more recently, specialised Jungheinrich warehousing equipment.
“There will be some re-structuring of Criterion Equipment over the next few months to re-establish the company as one of the leaders in the forklift market in South Africa.
“Invicta will maintain the existing Criterion name and is committed to improving the distribution service and support to TCM forklifts, which are imported from Japan, as well as to German manufactured Jungheinrich warehousing equipment.”
Invicta Holdings Limited, with annual sales in excess of R4,5-billion, has been a Top 100 JSE listed company for the last 14 years consecutively – the only JSE company to achieve this ccolade.
Invicta’s products fall into two main categories – engineering consumables (bearings and power transmission components) and capital equipment (agricultural and construction machinery). With the acquisition in 2007 of Tiletoria, Invicta also has interests in the floor and wall tiles sector.
For further information
Mr Tony Sinclair, CEO, Capital Equipment Division, Invicta Holdings Limited
PO Box 851, Isando, 1600
Telephone (011) 922 2000
Email: tonys@cse.co.za