HAE buys Groupair of South Africa
17 / 11 / 2015
UK-based air cargo industry services provider HAE has acquired Groupair of South Africa, a neutral consolidator providing air, sea, road and courier services.
Financial details of the acquisition were not immediately available.
On its website, HAE states: "Groupair will be able to assist you with your requirements for air, sea and road freight in South or Sub-Saharan Africa. Also ask about our courier freight, packing, dangerous goods (DGR) collection or deliveries and even cargo brokerage and warehousing."
This is the second major South African freighter forwarder deal to be announced in as many weeks.
Panalpina has boosted its presence in Kenyan flower logistics by acquiring a majority stake in Airflo from the Dutch Flower Group (DFG), the world’s largest flower and plant trader.
The acquisition, subject to conditions, reflects Switzerland-based Panalpina’s continued expansion in Africa and its increasing focus on the perishables business.