Invicta acquires UK agricultural distributor Spaldings for £11.8m

Invicta Holdings Limited, through its subsidiary Invicta Global Holdings Limited (IVTG), has completed the acquisition of Spaldings, a leading UK agricultural and ground care components distributor. The transaction, effective September 1, 2025, sees IVTG acquiring 100% of the issued share capital of Twinings Bidco Limited (Spaldings).

The purchase consideration for the acquisition is £11,855,281, subject to adjustment based on Spaldings' net asset value, with a maximum cap of £14,000,000. The acquisition will be funded from Invicta's existing cash resources.

Spaldings, established in 1954 and headquartered in Lincoln, reported an aggregated net profit of £526,838 for the period January 1, 2024, to December 31, 2024. Its net asset value was £4,524,169 as of December 31, 2024. The acquisition is classified as a category 2 transaction under JSE Listings Requirements and does not require shareholder approval.