Santova said the acquisition of AEMC formed part of the company's strategy to expand its services and footprint into Africa and would have a synergist effect on Santova's projects capability.
"The acquisition is expected to have a positive impact on the group's results, however, the full effects of this will be felt only in future financial periods and will not materially affect the group's results for the 2016 financial year-end," Santova said.
Concerning its acquisition of Masterfreight Internationale Spedition GmbH - a freight forwarding and clearing agent based in Frankfurt, Germany - the company announced the expansion of Masterfreight through the establishment of a new office in Hamburg.
"This expansion is part of the group's strategy to establish sea and air freight capabilities in all major transportation gateways throughout Europe," the company said.
Source: BDpro
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
