Nictus Holdings Group of Companies Expands with Strategic Acquisition of Build IT Walvis Bay Branch

Walvis Bay, Namibia – 06 November 2024 – Nictus Holdings Group of Companies, a leading name in retail, furniture, and insurance services in Namibia, is proud to announce the acquisition of the Build IT Walvis Bay branch. This strategic move is part of Nictus’s ongoing commitment to growth, community development, and providing comprehensive services to its customer base across Namibia.

The Build IT Walvis Bay branch has been an integral part of the community, known for its quality products and service excellence. By bringing this branch under the Nictus Holdings Group umbrella, the company aims to strengthen its position in the construction and hardware market, enhance customer experience, and continue to deliver innovative solutions in a rapidly growing industry.

“A Strategic Step Forward”

“This acquisition marks an exciting chapter for Nictus Holdings as we expand our reach and diversify our services,” said Philippus Tromp, Managing Director of Nictus Holdings Limited. “The addition of Build IT Walvis Bay aligns perfectly with our mission of delivering quality and value to our customers while fostering local development and growth. We look forward to integrating the branch’s operations and building on its legacy of exceptional service.”

Benefits for Customers and Community

With this acquisition, customers can expect the continuation of excellent service with an enriched range of offerings and the dependable support they have come to associate with Nictus Holdings and its subsidiaries. This step will also create new opportunities for collaboration and partnerships within the construction and hardware sectors.

The integration of Build IT Walvis Bay into Nictus’s portfolio underlines the company’s strategy to contribute to economic growth and create job opportunities within the region, further strengthening Nictus’s commitment to supporting the local community and fostering a robust business environment.

Looking to the Future

The team at Nictus is dedicated to ensuring a seamless transition that respects the existing relationships and operations of Build IT Walvis Bay while enhancing them with Nictus’s extensive experience and customer-centric approach. The acquisition is set to bring new product lines, greater accessibility, and a stronger service infrastructure to Walvis Bay and beyond.

About Nictus Holdings Group of Companies

Founded 80 years ago in Namibia, Nictus Holdings Group has grown to become a trusted name, offering a range of quality products and services across various sectors, including furniture, appliances, tyres, vehicles, and insurance. Known for its innovative approach, competitive pricing, and customer-focused solutions, Nictus Holdings continues to be a leader in delivering comprehensive and sustainable business practices.

For inquiries, please contact:
PD Theron
Executive Assistant
Nictus Holdings Group of Companies
execassist@nictus.com.na
083 331 3000