| Mon 25 Apr 2005, 17:13 | | Imperial Holdings Sells Interest In Jh Bachmann |
|
Imperial Holdings Sells Interest In Jh Bachmann
Release Date: 25/04/2005 16:55:31 Code(s): IPL
Imperial Holdings sells interest in JH Bachmann
Imperial Holdings Limited
(Reg No. 1946/021048/06)
Short Name: IMPERIAL
JSE Code: IPL
ISIN: ZAE000003620
Imperial Holdings sells interest in JH Bachmann
DFDS Transport Air & Sea Holding A/S (`DFDS Transport`) acquires
J.H. Bachmann GmbH (`Bachmann`)
Today Imperial Logistics International GmbH, based in Duisburg, Germany and DFDS
Transport Holding A/S, based in Copenhagen, Denmark, have signed an agreement
according to which DFDS Transport acquires 100% of the shares of J.H. Bachmann
effective June 1st, 2005, subject to the approval of the antitrust commission.
The parties have agreed not to publish the acquisition price.
For the past 10 years the success of the Imperial Logistics International Group,
Duisburg/ Germany was actively influenced and supported by the J.H. Bachmann
Group of companies, based in Bremen, Germany. The strategic goal of the group
was, and is to fully support and fulfil its customers` logistical requirements.
However, the rapid development of global sourcing demands in the ocean- and air
cargo industry requires a significant scale of operations and a worldwide
presence. Imperial Logistics International decided to sell J.H. Bachmann GmbH
with its international shareholdings (except those in Bachmann Megafreight based
in South Africa) and branches to DFDS Transport A/S in order to realise this
important strategy for J.H. Bachmann in the shortest time possible.
The Imperial Logistics International Group will continue its cooperation with
the J.H. Bachmann Group, and, therefore, will remain a business partner for the
future.
Imperial Logistics International will continue to invest in contract logistics,
container terminals, container traffic, port activities, inland waterway
shipping and truck haulage.
The J.H. Bachmann Group of companies has an annual turnover of 160 million
Euros, EBITA of approximately 4 million Euros and is represented in 10
countries. Germany accounts for an annual turnover of approximately 100 million
Euros and is a sizeable player in the trade between the APAC region. Furthermore
J.H. Bachmann Germany has a long tradition in trade between the USA and South
America.
Imperial Logistics International GmbH is the international logistics arm of
Imperial Holdings Ltd., South Africa, a mobility group with an annual turnover
of R35 billion listed on the JSE Securities Exchange SA.
The DSV Group is a transport company listed on the Copenhagen Stock Exchange
operating under the name DFDS Transport within Road transportation, Air & Sea
Transportation and Solutions. The annual turnover of DSV Group is approximately
20 billion kroner, the company employs approximately 10 000 employees and is
active in 30 countries.
Contact:
Imperial Holdings - Executive Director
Ralph Boettger
+27 11 372 6500 or +27 83 250 5820
Imperial Logistics International GmbH
Gerhard Riemann, CEO
Telephone: +49 203 8005-212
E-mail: riemann@imperial-international.com
Imperial Holdings - Investor relations
Peter Steyn
+27 83 557 2608
Johannesburg
25 April 2005
Sponsor
Merrill Lynch South Africa (Pty) Ltd
