CEO: ARNOLD GOLD­STONE COM­PANY: IN­VICTA HOLD­INGS

Finweek English Edition - - COMPANIES & INVESTMENTS -

IN­VICTA HOLD­INGS

has been one of those com­pa­nies that f lies be­neath the radar. And for years man­age­ment has been con­tent with that state of af­fairs. How­ever, all that changed on 15 Oc­to­ber when the com­pany an­nounced plans to buy Sin­ga­pore’s Kian Ann En­gi­neer­ing in a cash and share deal worth about R1.36bn. Be­sides giv­ing In­victa a plat­form to ex­pand in the high-growth Asian mar­ket, the deal is also ex­pected to boost group rev­enue by around 20%. That’s a con­sid­er­able num­ber for a lo­cal in­dus­trial group whose rev­enue reached R5.59bn in fis­cal 2012, up al­most 24% from the 4.53bn in the pre­vi­ous fi­nan­cial year.

The Kian Ann deal is part of a broader plan by chief ex­ec­u­tive of­fi­cer Arnold Gold­stone and con­trol­ling share­holder Christo Wiese to di­ver­sify In­victa’s rev­enue streams and re­duce its re­liance on the SA mar­ket. While smaller ri­val Hu­daco In­dus­tries plans to be­gin mak­ing greater for­ays into Africa to

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