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, specializing in the transport of break-bulk, containerized, project, fuel and out-of-gauge cargo between Mozambique, Zimbabwe, Zambia, South Africa, Malawi, and the Democratic Republic of the Congo. DP World, one of the world’s leading providers of smart logistics, announced that its key unit Imperial Logistics, has fulfilled all the requirements relating to its 100% acquisition of J&J Group, a key provider of end-to-end logistics solutions across South-East Africa.
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. The transaction relating to the acquisition of the first tranche of shares (51%) of the J&J Group, which was announced last year, was closed yesterday. This will be followed by the acquisitions of the second and third tranches of 46.5% and 2.5%, respectively.