Imperial Logistics and Volition Consulting Services (Volition) today announced that Imperial Logistics will acquire 50%+1 in the share capital of Volition with effect from 1 July 2008, subject to approval from the Competitions Authority. Imperial Logistics and Volition will improve their service offering and take better care of their customers, whilst further increasing their footprint in the logistics and supply chain industry.
"We are excited about this new development involving Volition," says Marius Swanepoel, Chief Executive Officer, Imperial Logistics. "Together we're already working on a number of integration projects. Based on the interaction and feedback from various customers, we believe that a more formal association between us will create further opportunities to apply our expertise to benefit our customers."
Imperial Logistics' comprehensive experience of logistics and supply chain management, complemented by Volition's supply chain consulting expertise, is a win-win combination. The consulting services offered by Volition will be leveraged to expand the Imperial Logistics value proposition and both companies will jointly focus on integrated and end-to-end supply chain solutions. As a division of the leading third-party logistics (3PL) and supply chain management company in Southern Africa, Volition will continue to operate as an entrepreneurial and independent business, a model proven successful across the Imperial Logistics Group.
"Being part of Imperial Logistics will help us grow and capture new opportunities in the Southern African supply chain market, says Cobus Rossouw, Managing Director, Volition Consulting Services. " I am confident that the acquisition will allow us to further improve the value-add proposition to our customers and expand our supply chain expertise."
Imperial Logistics and Volition will target new business as well as growth opportunities within their customer base in a structured fashion and proceed with their strategy of increasingly becoming an extension and part of their customers' operations.
Dougie Truter, CEO of Imperial Logistics' Consumer Products Division, will become non-executive Chairman of the Volition Board of Directors. Abrie de Swardt, Marketing Director of Imperial Logistics, will oversee Volition's interactions with Imperial Clients and Operating Companies and he will be appointed as non-executive Director. Cobus Rossouw remains Managing Director and David Long and Heinrich Strauss as Executive Directors.
Following the transaction, Volition will be able to offer their customers 100% BBBEE procurement recognition, in line with Imperial Logistics' formal rating as Level 5 Contributor. Volition, as a division of Imperial Logistics, will continue to promote the pillars of transformation, focusing on people-related aspects such as employment equity, skills development and corporate social responsibility.
Imperial Logistics and Volition are both active supporters of the supply chain profession and proudly active members of SAPICS and the Supply Chain Council. Volition is also a member of IPSA.
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