European logistics provider Rhenus Group has acquired South African freight forwarding and logistics specialist World Net Logistics (WNL).
The takeover of the Johannesburg-headquartered firm WNL is still subject to approval by the relevant cartel authorities.
In addition to having a dense network of business sites in South Africa, WNL also has several branches and partners in Asia and Germany.
The acquisition by Germany’s Rhenus Group is the latest in a string of purchases around the world in the last few months alone, including Canada-based Rodair this month, British 3PL provider Core Management Logistics in January, Cesped in Italy last December, and German headquartered SBL Importverkehrslogistik in November.
The World Net Logistics Group not only involves WNL in South Africa, but also the national companies known as WNL Germany with business sites in Bremen and Frankfurt/Main as well as WNL Asia with companies in Hong Kong, China, Malaysia, Taiwan, Thailand and Singapore.
The core business activities of World Net Logistics involve air and sea freight operations.
“The takeover of World Net Logistics marks an important step for us in establishing a network in South Africa and other African countries. WNL’s presence in Asia and Europe also strengthens our global network with additional intercontinental connections. We are confident that we will grow further together and that within the Rhenus Group, WNL will continue to develop sustainably,” says Tobias Bartz, a Rhenus Board member.