Former CEO of Barloworld Logistics Middle East & Asia, Warren Erfmann, this week announced his acquisition of the Swift Freight Group of Companies from Barloworld Logistics (BWL).
“It is not often that an opportunity like this comes along, and for me to personally acquire Swift Freight was something I was not going to miss out on,” Erfmann told FTW Online.
The acquisition involves 100% of Swift’s global operations, except for Dubai where he holds 70% of the freight forwarding division – effectively the part that deals with Africa.
As a consequence, the name Swift Freight International will cease to exist. BWL has renamed the non-Africa portion of the business that it has retained, Barloworld Logistics. The 70% of the Dubai operations that Erfmann has acquired will now trade under the name Swift Freight.
Swift was started in 1989 by well-known industry personality Issa Baluch. The company has 22 offices in Africa, three in India, six in Hong Kong/China and four in the UAE.
CEO buys logistics company
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