African Infrastructure Investment Managers (AIIM) Announces The Acquisition Of The Logistics Group
African Infrastructure Investment Managers (AIIM) Announces The Acquisition Of The Logistics Group. African Infrastructure Investment Managers (AIIM) has announced that it has acquired The Logistics Group for R1. 6 billion. This positions the company as a strategic player in the southern African logistics space, servicing capacity shortfalls, improving port-to-inland transport corridor efficiency and increasing economic activity.
Investment in transport corridors running from strategic southern African ports will benefit from strong growth prospects for various bulk and break-bulk cargoes, such as battery metals, cementing the continent’s role as a key player in the global energy transition. Ed Stumpf, Investment Director at AIIM, said in a statement, “TLG presents a rare opportunity to acquire a multi-corridor player while addressing regional capacity constraints in partnership with Transnet and other major operators in the region. We view TLG as the cornerstone for a regional ports and logistics platform which will pursue additional investments along a number of transport corridors.”
“Looking more broadly, this will help reduce transport costs, which can have a considerable impact on the price of goods and catalyse trade regionally and beyond. Positioning the group to support multi-mode rail/road and backhaul cargo efficiency is a core part of our strategy to reduce carbon emissions as part of the journey to net zero.” Stumpf added. Investment to enhance the existing TLG terminals in Cape Town, Port Elizabeth and Durban will be pursued in partnership with Transnet National Ports Authority, while operational ramp-up of TLG’s businesses in Mozambique, Zambia and Namibia will be prioritised.
AIIM will also seek to develop bolt-on investment prospects in other key markets where it has portfolio investments and on-the-ground experience to ensure TLG provides a comprehensive offering along diverse corridors to hinterland centres of production or demand, commencing in the Southern and East African region.
