Absa Capital Private Equity announced a private equity buyout that values the company at about 48 million rand ($64.21 million).
The stock gained 15.25 percent to 6.80 rand late on the day, outpacing a firmer Johannesburg All-share index.
Kwikspace said late on Thursday a consortium, led by Absa Capital Private Equity and Vantage Capital, offered to buy all the shares in Kwikspace that Vantage and certain managers do not already own for R8 each, or a total of 478 million rand.
Kwikspace manufactures prefabricated buildings.
The company said shareholders with 42.2 percent of voting shares had irrevocably agreed to back the bid and others supported it.
