WWL takes full control

Car carrier owner buys out partner Groupe CAT in South African logistics venture.

Car carrier player Wallenius Wilhelmsen Logistics (WWL) has taken 100% ownership of its South African logistics operation.

It has agreed to buy the remaining 50% of CAT-WWL from partner Groupe CAT.

The venture runs 10 ten vehicle processing facilities.

"With full ownership in CAT-WWL, Wallenius Wilhelmsen Logistics becomes one of the top independent providers of vehicle processing services to support automotive manufacturers in South Africa," it said.

The partnership was established in 2006.

“This acquisition is strategically important to WWL”, said COO Kai Kraass. "As a leading global shipping and logistics provider, WWL will continue to expand its land-based operations to support vehicle manufacturers’ value chain and supply chain needs in the South Africa market and around the world.”

TRENDING TODAY

  1. Hanjin Shipping declared bankrupt

    South Korean line ends 40 year existence. Creditors have until 1 May to claim outstanding debts.

  2. Hanjin bankruptcy closer than ever

    Korean liner company removes most online pages and sells remaining terminal business to HMM.

  3. RMT pleads with creditors to take a hit

    Singapore boxship trust continues survival fight as losses mount.