Wallenius Wilhelmsen Logistics (WWL) has entered into an agreement with partner company Groupe CAT to acquire its 50% shares in CAT-WWL, a joint venture network of 10 vehicle processing facilities based in South Africa.
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.
Established in 2006 as a joint venture by WWL and Groupe CAT, CAT-WWL South Africa operates 10 processing facilities that provide finished vehicles services, storage management and technical solutions. The business employs more than 800 workers.
In 2015, Wallenius Wilhelmsen Logistics serviced more than 6.3 million cars and heavy machinery at its 62 state-of-the-art vehicle and equipment processing facilities around the globe.
“This acquisition is strategically important to WWL”, said Kai Kraass, Chief Operating Officer at Wallenius Wilhelmsen Logistics. “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.”
Completion of the transaction is subject to approval by competition authorities in South Africa.