Hong Kong's Frontier Services Group acquires Johannesburg-based logistics firm TFCG for $4M

Frontier Services Group Limited (FSG), a publicly listed, transportation and logistics solutions provider in frontier markets with its operational headquarters in Nairobi, Kenya, today announced that it has entered into a Share Purchase Agreement whereby FSG will purchase the business and certain assets from a group of companies collectively referred to as Transit Freight Coordinators Group for consideration of ZAR 49 million.

Transit Freight Coordinators Group (TFCG), headquartered in Johannesburg, South Africa provides transportation and movement services for freight across road, rail, sea and air from its operational hubs in Johannesburg, Cape Town, Nelspruit (all in South Africa), Lusaka (in Zambia) and Harare (in Zimbabwe).

Read more: Frontier Services Group