Imperial Logistics in a deal to sell its South American shipping business for US$100m

SOUTH AFRICA – Africa and European-focused logistics provider Imperial Logistics, has moved further to realign its operations after announcing that it would sell its South American shipping business of more than 90 vessels to Hidrovias do Brasil for about US$100 million. The Johannesburg Stock Exchange-listed logistics provider has been transforming from a portfolio of regional businesses to an integrated end-to-end logistics and market access business focused on Africa. The aim of the restructuring was to leverage its scale, competitive advantages and capabilities in the health care, consumer, chemicals, automotive, industrial…

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Imperial Logistics acquires e-commerce specialist Parcelninja

SOUTH AFRICA – Johannesburg Stock Exchange -listed Imperial Logistics has bought South African e-commerce logistics specialist Parcelninja. The terms and value of the deal were not disclosed. Imperial revealed details of the acquisition in its interim results for the six months ended 31 December 2020, in which it reported a 15% increase in revenue to US$1.8 billion. “The Parcelninja acquisition will provide specialised warehousing and distribution management in e-commerce, direct to consumers and to informal markets,” the logistics company said in notes alongside the financial results. “The acquisition will provide specialised…

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Imperial and Lori Systems partner to boost e-logistics technology in Africa

AFRICA – Imperial, an African and European-focused provider of integrated market access and logistics solutions, has announced an investment in and partnership with Lori Systems to expand its cutting-edge e-logistics technology solutions across Africa, the first of its kind at this scale and scope on the African continent. Lori Systems is the leading e-logistics platform in Africa and seamlessly coordinates haulage in frontier markets. The Imperial Venture Fund managed by Newtown Partners – a US venture capital firm – recently concluded an investment in Lori Systems to support its growth…

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