Vortex Completes Acquisition of Roots Abattoir
Deal News | Apr 22, 2025 | EIN
The Namibian Competition Commission (NaCC) has approved Vortex Holdings Namibia's acquisition of the remaining 50% shareholding in Roots Abattoir Enterprises. The decision, decided in February, states there will be no effect on market concentration or competition. The merger is expected to increase production capacity and job creation while maintaining current employment levels. Vortex Holdings Namibia, a subsidiary of the German VH Invest AG, specializes in technology and renewable energy projects and investments. Roots Abattoir Enterprises focuses on chicken processing. No part of the initial acquisition has been implemented yet. The merger aims to boost infrastructure and productivity in Namibia's agricultural sector.
Sectors
- Agriculture
- Private Equity
- Renewable Energy
Geography
- Namibia – The merger and acquisition activities discussed are focused in Namibia, impacting its agricultural and industrial sectors.
- Germany – VH Invest AG, the parent company of Vortex Holdings Namibia, is based in Germany, highlighting a cross-border dimension in investment.
Industry
- Agriculture – The merger involves Roots Abattoir Enterprises, which operates in the poultry processing sector, a subset of the agricultural industry.
- Private Equity – Vortex Holdings Namibia, as an investment vehicle and subsidiary of VH Invest AG, embarks on acquisitions and mergers typical of private equity activities.
- Renewable Energy – Vortex Holdings Namibia's parent company, VH Invest AG, focuses on renewable energy projects, highlighting this sector.
Financials
- N$100 million – Investment made in 2021 for the Roots Development project, including Roots Abattoir Enterprises.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vortex Holdings Namibia | Acquiring Company | Company | Namibian investment holding company, subsidiary of the German VH Invest AG. |
| Roots Abattoir Enterprises | Target Company | Company | Namibian company involved in the slaughtering and processing of chickens. |
| Namibian Competition Commission | Regulatory Authority | Government | Regulatory body responsible for approving mergers and acquisitions within Namibia. |
| VH Invest AG | Parent Company | Company | German holding company specializing in investments in technology and renewable energy. |