spot_img

Zambia Becomes Full Member...

Zambia has officially signed an agreement to become a full member of the...

Walvis Bay Leads the...

With great pride, the Walvis Bay Corridor Group announces that it has successfully...

Kenya Approves Zambia Airways...

Kenya has just allowed flights operated by Zambia Airways 2014 Limited into its...

China Pledges $1 Billion...

The Tanzania-Zambia Railway, commonly known as Tazara, holds a special place in China-Africa...
HomeTRANSPORTATION & LOGISTICSDP World’s Imperial...

DP World’s Imperial gets nod to fully acquire Africa’s J&J Group

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. Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World

Imperial, owned by DP World, announced that all the requirements relating to its 100% acquisition of the J&J Group have now been fulfilled. The transaction relating to the acquisition of the first tranche of shares (51%) of the J&J Group, which was announced on 29 July 2021, was closed on 18 July 2022. This will be followed by the acquisitions of the second and third tranches of 46.5% and 2.5%, respectively.

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.

“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.” Said, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World

Mohammed Akoojee, Chief Operating Officer of DP World Logistics, Group CEO at Imperial, added: “This acquisition complements our ‘Gateway to Africa’ focus as it optimises and expands our reach in Africa by providing scale in end-to-end cross-border transportation services in key countries and new industries. This is possible through well-established routes, port capabilities, a well-developed asset base, including a fleet and warehousing space, as well as an entrenched customer portfolio.”

Through the acquisition of the J&J Group, 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.

“We are excited for J&J to partner with Imperial and believe that the operations of these two businesses are very complementary. This combination offers existing and potential J&J clients a true gateway to Africa,” explained Carlyle and Ethos Private Equity, currently the controlling shareholder of the J&J Group.

Get notified whenever we post something new!

Continue reading

Zambia Becomes Full Member of Central Corridor, Enhancing Regional Trade Links

Zambia has officially signed an agreement to become a full member of the Central Corridor Transit Transport Facilitation Agency (CCTTFA). This move is expected to expand Zambia’s market and boost its trade activities with other member states. The agreement...

Walvis Bay Leads the Transport of Massive Oxygen Plant to Zambia

With great pride, the Walvis Bay Corridor Group announces that it has successfully assisted the transportation of a massive 50-meter oxygen plant container to Solwezi, the capital of Zambia’s mineral-rich North-Western Province. Along the Walvis Bay-Ndola-Lubumbashi Development Corridor, a...

Kenya Approves Zambia Airways Flights, Strengthening Regional Aviation Ties

Kenya has just allowed flights operated by Zambia Airways 2014 Limited into its territory. The move has been taken positively by the Minister of Transport and Logistics, Hon. Eng. Museba Frank Tayali of Zambia. This happened in the wake...
spot_img