Santova expands into Mauritius, Ghana
Santova Logistics has made an acquisition in Mauritius and opened an office in Ghana as part of its expansion plans.
|||Cape Town - Santova Logistics has made an acquisition in Mauritius and opened an office in Ghana as part of its expansion plans, said the company on Friday.
The JSE listed company, with offices in the United Kingdom (UK), Netherlands and Australia, announced that it acquired Jet Freight Services of Mauritius, for an undisclosed sum which would be settled in cash.
Jet-Freight Services is a freight forwarding and customs clearing agent based in Port Louis, Mauritius. The transaction would be is effective from July 1, 2015.
“The acquisition of Jet-Freight is part of Santova’s stated strategy to expand its footprint internationally. This office will offer the Santova Group’s existing client base immediate access to the global market in regard to procurement, value add services at source and leading end-to-end supply chain management solutions in Mauritius,” the company said in a statement.
The company also noted opportunities within the Southern African Development Community that the acquisition could help to unlock.
At the same time, the company also announced that W.M. Shipping, its UK-based subsidiary, has been granted permission to register a branch office in Ghana.
The office has been operational since the beginning of August and a new regional head has already been employed.
“This branch office will provide the group with an important foothold in West Africa from which to spearhead its expansion into this region,” said Santova in its statement.
ANA