ISS - Global Forwarding South Africa acquires Stacks South Africa

As of 1 June, Stacks will be operating under ISS– Global Forwarding from the ISS office in Plattekloof, Cape Town. The acquisition is the first transaction of a global agreement between Stacks Africa and the ISS – Global Forwarding Group with head offices in Dubai. The acquisition will exclude the shipping agencies vertical of Stacks that will continue to operate branded as BBULK.

ISS – GF South Africa originated from the integration of South African-based freight forwarder, Global Logistics Alliance (Pty) Ltd and ISS-GF in Dubai. ISS-GF is part of the ICD (Investment Corporation of Dubai), which is the Sovereign Fund of the Dubai government. ISS – GF South Africa will become an amalgamation of Shareholders from ISS-GF Dubai, Global Logistics Alliance (Pty) Ltd and Stacks South Africa.

The ISS-GF network extends into 35 countries worldwide. Part of ISS-GF's ambitious growth strategy is to expand its global network with a focus on Africa. To strengthen ISS Global Forwarding's presence in West Africa, a joint venture between ISS and StacksAfrica in Ghana and Ivory Coast will be the next step followed by further network expansion within the region.

In addition to the StacksAfrica portfolio and presence in Africa, Stacks South Africa will be adding service offerings with new verticals specifically perishables and liquid bulk as the proud agent of Van den Bosch in South Africa and Trust Flexitanks.

ISS – GF South Africa is well known to be a project powerhouse that continues to dominate the renewable energy industry, this acquisition will further expand the ISS portfolio. Stacks has successfully managed numerous projects in particular the Kin Oasis Mall, Kinshasa and Golf Mall, Lubumbashi in DRC as well as a Hydro Power Plant in Rwanda and Gold Mine Projects in Ghana, Burkina Faso and Mauritania.

Giuseppe Arnoldi and Olivier Vanreusel have structured this unique integration in such a way that each team member will be an asset, each with an exclusive function. Both the ISS-GF and StacksSA teams are striving towards a seamless transition as we integrate under the ISS brand.

ISS-GF South Africa looks forward to this growth and the exciting opportunities that lie ahead.

Giuseppe Arnoldi: president, ISS-GF South Africa

Olivier Vanreusel: managing director, Stacks Africa