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Novus Holdings reports strong interim earnings amid Mustek acquisition plans

Nov 25, 2024

Acquiring Company

Novus Holdings

Acquired Company

Mustek

Cape TownPrinting

Description

Novus Holdings, the printing, packaging, and educational resources company, reported strong interim earnings while announcing a bid for listed IT distribution company Mustek. The acquisition of Mustek reflects Novus Holdings' planned transition to a more diversified investment holding company.

Quick answer

Novus Holdings is acquiring Mustek, announced November 25, 2024. Novus Holdings is based in Cape Town, Western Cape, South Africa.

How much did Novus Holdings pay for Mustek?
The deal value was not disclosed.
What does Novus Holdings do?
Novus Holdings Ltd is a prominent South African company listed on the Johannesburg Stock Exchange, with a rich history dating back to 1905.
Where are Novus Holdings and Mustek based?
Novus Holdings is based in Cape Town, Western Cape, South Africa.
Who are the decision-makers at Novus Holdings?
Fundz holds 5 contacts at Novus Holdings. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Novus Holdings

Location

9 Freedom Way

Cape Town, Western Cape, South Africa

About

Novus Holdings Ltd is a prominent South African company listed on the Johannesburg Stock Exchange, with a rich history dating back to 1905. Headquartered in Cape Town, the company is led by CEO Andre van der Veen and operates as one of the largest printing, publishing, and manufacturing groups in Southern Africa. The company functions through four main segments: Print, Education, Packaging, and Other. In the Print segment, Novus specializes in commercial printing for various materials, primarily serving the fast-moving consumer goods sector. Through its subsidiary, Maskew Miller Learning, Novus provides educational content and resources to schools and higher education institutions. The Packaging segment produces flexible packaging and labels for industries such as beverages and petrochemicals. Additionally, Novus manufactures jumbo tissue wadding for household products. Novus Holdings is dedicated to quality, customer service, and ethical practices, with a focus on growth and innovation in the African market. Its diverse customer base includes government and private educational institutions, FMCG companies, and consumers across Southern Africa and sub-Saharan Africa.

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Frequently asked

Who acquired Mustek?

Mustek was acquired by Novus Holdings, based in Cape Town. The deal was reported on November 25, 2024. Novus Holdings Ltd is a prominent South African company listed on the Johannesburg Stock Exchange, with a rich history dating back to 1905. Novus Holdings is privately held and operates in Printing.

When did Novus Holdings acquire Mustek?

Novus Holdings's acquisition of Mustek was reported on November 25, 2024. Novus Holdings, the printing, packaging, and educational resources company, reported strong interim earnings while announcing a bid for listed IT distribution company Mustek. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Mustek do?

Mustek is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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