Panalpina Acquire Skyservices South Africa
Switzerland-based Panalpina, a provider of forwarding and logistics services, has recently announced they have acquired a majority stake in South African specialized in air freight company, Skyservices. Both companies finalized their agreement on July 16th 2018.
Headquartered in Johannesburg airport Skyservices also has a strong foothold at Cape Town Airport.
Panalpina CEO, Stefan Karlen commented about the new acquisition, “The acquisition of Skyservices allows us to rapidly become a major player in South Africa’s perishables market. The majority of the company’s export volumes go to London, Amsterdam and Frankfurt, where we have a strong perishables expertise and can therefore offer end-to-end solutions to customers.”
Mr. Karlen continued, “Given the strategic role that South Africa plays for the global trade of perishables today and tomorrow, it is only logical that we establish our own presence there and further strengthen the ever-growing Panalpina Perishables Network. Our non-perishables cargo into South Africa will continue to be handled by our agent Bidvest Panalpina.”
40% of air freight exports out of South Africa are perishables, the most popular being subtropical and deciduous fruit, fresh cut flowers and various specialist vegetables, berries, meat and fish.
Skyservices Managing Director, Bernd Julicher said, “We have found an ideal partner in Panalpina to further grow our successful business and offer end-to-end solutions for perishables into Europe, but also the Middle East, Far East and USA, Panalpina’s global network and vast perishables expertise will also be invaluable for serving new and increasingly important destination markets like China.”
Launching in May 2000 Skyservices is wholly owned Bernd Julicher, Frik van Rooyen and Jaco van Zijverden. Mr. Julicher will remain in his role and continue to lead the 52-strong workforce in Johannesburg and Cape Town.
Regional CEO for the Middle East, Africa and the CIS for Panalpina, Rafic Mecattaf also commented, “Today is a day of celebration, and the beginning of an exciting journey. South Africa is a land of opportunity and we see a significant growth potential for perishables in this country, including in ocean freight.”
Both companies have agreed not to disclose any financial details of the agreement.