Invicta Holdings listed on the JSE in 1989 and acquired Invicta Bearings Proprietary Limited in 1991. Bearings quickly became Invicta’s core business and the unrelated companies that initially formed part of the Group were sold. Duringthe nineties various companies were added to the Group, including Autobax, Northmec, and CSE. In July 2000 Invicta acquired Bearing Man and completed a significant share repurchase program over the five years that followed. Invicta’s management continued to grow the Group and in 2013 acquired Kian Ann, a Singaporean company that distributes to over 50 countries. Other notable acquisitions included Equipment Spare Parts, Man-Dirk, HPE and Hyflo. During the 2018 financial year, Invicta disposed of its Building Supply Group (“BSG”) and decided to focus on its core competencies of industrial consumables, and capital equipment and spare parts. Invicta controls and manages assets of over R10 billion and employs over 4 500 people worldwide.