DP World, one of the world's leading providers of smart logistics, announced that its key unit Imperial Logistics, has fullfilled all the requirements relating to its 100 per cent acquisition of J&J Group, a key provider of end-to-end logistics solutions across South-East Africa.
A major player in the continent, J&J Group offers end-to-end logistics solutions along the Beira and North-South corridors in South-East Africa, specialising in the transport of break-bulk, containerised, project, fuel and out-of-gauge cargo between Mozambique, Zimbabwe, Zambia, South Africa, Malawi and the Democratic Republic of the Congo.
Through this acquisition, Imperial will be positioned for quicker go-to-market outside of South Africa and end-to-end access to certain key countries and corridors (port to customer) in Africa, said a statement from DP World.
Group Chairman and CEO Sultan Ahmed Bin Sulayem said: “This acquisition strengthens DP World’s position in Africa as an end-to-end logistics provider, by adding J&J’s significant presence along these key corridors in Africa – a market where trade is expected to grow at more than twice GDP driven by population growth, accelerated urbanisation and rising middle classes.”