Invicta buys 50% stake in Asian engine parts supplier KMPFE
The company, chaired by Christo Wiese, did not say how much it paid for the stake in KMP Far East
10 July 2023 - 11:45
Industrial holding and management company Invicta has bought a 50% stake in aftermarket heavy-duty diesel engine parts supplier KMP Far East (KMPFE) in Singapore, as part of its diversification drive into new regions.
The company, chaired by business tycoon Christo Wiese, said subsidiary KMP Holdings, which is part of Invicta’s replacement parts earthmoving (RPE) segment, acquired 50% of the share capital of the company established in 2005...
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