PSV Holdings has decided to sell its 100% stake in Turbo Agencies Botswana. Turbo Agencies is a company that provides civil engineering, energy suppliers, solar energy and vehicle services to corporates. The company also manufactures construction tools and equipment, distributed to the mining and construction sector.
PSV is an industrial engineering holding company comprising two operating business such as industrial supplies (including steel, piping, industrial tools and consumable supplies) and specialised services (including comprehensive cryogenic and gas systems and the supply and installation of geosynthetic linings). PSV Holdings is listed on the Johannesburg Stock Exchange with revenue of R238m in 2019 and market capitalization of R82 million in 2020. The exit amount was undisclosed.