Wallenius Wilhelmsen Logistics (WWL), has announced that it has entered into an agreement with partner company Groupe CAT to acquire its 50% shares in CAT-WWL, a joint venture network of ten vehicle processing facilities based in South Africa.
CAT-WWL South Africa was established in 2006 as a joint venture by WWL and Groupe CAT, it operates ten processing facilities that provide finished vehicles services, storage management and technical solutions.
“This acquisition is strategically important to WWL”, said Kai Kraass, chief operating officer at WWL. “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.”
