Logistics major Imperial Logistics has announced the acquisition of a controlling share of Sasfin Premier Logistics, with the Imperial Logistics and Sasfin Banking groups joining forces to launch the new business entity, Imperial Sasfin Logistics.
“The new company will offer end-to-end import and export solutions, from point of origin to final destination, covering freight forwarding, customs clearing, warehousing, transport and distribution - as well as a full suite of trade finance products to facilitate international trade,” said Johan Truter, CEO of Imperial Managed Solutions.
Sasfin Group CEO, Roland Sassoon, commented that the new venture combined the logistics infrastructure of the Imperial group and the trade finance and forex infrastructure of Sasfin Bank, in order to offer clients a complete door-to-door service.
“We recognised an excellent fit with Imperial, given the group’s capability in warehousing, distribution and transport, and business experience and expertise in Africa and elsewhere. This, combined with Sasfin’s complementary lending and trade solutions to clients, including trade and debtor finance, FX execution and advisory services, makes Imperial Sasfin Logistics an all-encompassing one-stop solution for clients involved in importing and exporting products,” he said.
Truter added that Imperial sought to partner with Sasfin to leverage, among other capabilities, the group’s international network, systems and technology, including a software platform developed specifically for “this complex and diverse compliance environment”.
“We can mitigate client risks, manage their complexity, and they do not need to deal with multiple parties in the supply chain,” Truter pointed out.
