Super Group Announces The Acquisition Of CBW Group Holdings Limited
Super Group Announces The Acquisition Of CBW Group Holdings Limited. Super Group is pleased to announce that it has concluded a sale and purchase agreement to acquire 78.82% of the equity of CBW Group Holdings Limited from existing management, trading as Amco (“Amco”), for a purchase consideration of GBP 30.3 million.
Headquartered in the United Kingdom (UK), Amco is a transport and logistics business and a leading provider of specialist land, air and sea logistics. Founded in 1983, the business has 11 UK operating locations and hubs strategically located across Europe. Amco delivers its logistics services to over 250 active UK and European customers that operate in a diverse range of manufacturing sectors – including automotive, telecommunications, retail, construction, mining and FMCG.
Their team includes highly experienced specialists, many of whom have previously worked in customer sectors such as automotive, waste, defence and FMCG markets. Amco harnesses a worldwide network of international partners, ensuring local knowledge and expertise.
Super Group’s strategy is to make selective acquisitions in its core supply chain, fleet solutions and dealerships businesses. The acquisition of Amco will significantly complement the Group’s supply chain offering, providing opportunities for market share gains across the UK and Europe.
The business segment has high barriers to entry with Amco resiliently positioned as a result of its: – well-established original equipment manufacturer relationships – investment in new value-added services, such as e-commerce fulfilment, procurement and consulting – strategically located warehousing – branded fleet – third-party logistics partners.
