Super Group acquired a 78.82% stake in UK logistics firm CBW Group/ Amco for £30.3 million (R700 million).
- The acquisition will expand Super Group’s international operations and offshore earnings.
- Amco provides logistics services to over 250 UK and European customers from 11 hubs across the UK and Europe.
- The deal will complement Super Group’s supply chain offering and provide opportunities for market share gains in the UK and Europe.
- Amco generated £9.2 million in EBITDA, £8.36 million in profit before tax, and £6.65 million in profit for the last 12 months.
- Existing Amco management will retain the remaining 21.18% stake to ensure stability and continuity.
- For the first half of 2022, Super Group’s European operations were impacted by the semiconductor shortage and war in Ukraine.
- Last year, Super Group acquired LeasePlan Australia and New Zealand for R4.41 billion, expanding its fleet management presence in the region.