A.P. Moller acquires Vector Logistics
A.P. Moller Capital and South Africa’s RCL Foods have entered into an agreement for the Danish firm to acquire Vector Logistics, a division of RCL Foods.
Vector Logistics is a South Africa-based frozen logistics operator that provides multitemperature warehousing and distribution, supply chain intelligence and sales and merchandising solutions.
In addition to South Africa, the company has operations in Namibia and Zambia, as well as in Botswana, through a joint venture partner.
The sale will provide Vector Logistics with “the opportunity to accelerate its mission of Going Beyond in supply chain expertise and logistics services, including expanding further afield to meet growing demand in Africa”, say the two companies in a statement.
“We see a growth opportunity for Vector Logistics and we believe that our experience and our network will help to drive this growth,” says A.P. Moller Capital partner Joe Nielsen.
“A.P. Moller Capital would be able to help us move up the supply chain maturity curve, particularly from a technological perspective, to support growth, and to support a strong environmental, social and governance agenda,” adds Vector Logistics MD Chris Creed.
A.P. Moller Capital says it is committed to maintaining business as usual, noting that Vector Logistics will continue to service its current customers on the basis of existing contractual agreements.
The finalisation of the sale is subject to approval by competition authorities and the South African Reserve Bank.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
