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27 June 2013 | Andrew Allen
FedEx is acquiring businesses operated by Supaswift in South Africa, Malawi, Mozambique, Swaziland and Zambia.
It is also in discussions to buy the courier’s businesses in Botswana and Namibia.
The acquisitions will operate under the FedEx Express business unit and will give it direct access to 39 facilities across the seven countries. The move will significantly extend the reach of the courier’s South African operation, connecting it to more than 220 countries and territories worldwide.
Frederick Smith, chairman, president and CEO of FedEx, said the acquisition would give customers greater access to some of the world’s most rapidly growing economies. The continent’s strong growth figures – Africa’s GDP is expected to increase at an average of 6 per cent a year – is a key factor behind the acquisition.
Supaswift CEO Andrew Lovell said: “The transaction, once closed, will put us in a solid position to meet the growing needs of our customers, representing a common commitment to offer an enhanced service portfolio and superior quality to both current and prospective customers.”