Invicta spends more than R500m to acquire Dartcom amid fibre race 🔒
Invicta, which three months ago said it was ready to consider acquisitions after cutting debt, said on Thursday it had agreed to pay more than R500m for Dartcom Group, which distributes communications and renewable energy technology.
The company, chaired by Christo Wiese, said it would pay R50m in cash and issue the seller, Tuludi Capital, shares valued at at R450.8m. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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