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Africa|Automotive|barloworld|Barloworld Logistics|Business|Logistics|Services|transport|Solutions
Africa|Automotive|barloworld|Barloworld Logistics|Business|Logistics|Services|transport|Solutions
africa|automotive|barloworld|barloworld-logistics|business|logistics|services|transport|solutions

Barloworld Logistics acquires controlling stake in Manline

1st February 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JSE-listed Barloworld Logistics has successfully concluded a transaction to merge its Dedicated Transport Services (DTS) division with diversified logistics provider Manline. 

The merged business would become Barloworld Transport Solutions, a 50.1%-held subsidiary of Barloworld Logistics, the company announced on Friday.

The transaction involved the disposal of DTS together with a R40-million cash contribution, in exchange for shares in Manline. 

“This transaction is an exciting development which provides Barloworld Logistics with an expanded platform for growing the transport business across Southern Africa. It forms an important part of our overall strategy to build a leading integrated logistics business,” Barloworld Automotive and Logistics CEO Martin Laubscher commented.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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