South-African Santova Group has acquired MASTERFREIGHT Internationale Spedition GmbH (MASTERFREIGHT) by way of a share deal. GvW Graf von Westphalen has advised the founders of MASTERFREIGHT on the sale in the course of the succession planning for the family business.
MASTERFREIGHT is a service provider in the logistics industry specialized in worldwide imports and exports. The firm which is based in Kelsterbach particularly focuses on transport solutions for South Africa.
Santova Group with its headquarters in Durban/South Africa offers logistics services in South Africa, Australia, the Netherlands, UK and Hong Kong. With the acquisition of MASTERFREIGHT, the firm, which is listed at the Johannesburg stock exchange (JSE), has entered into the German market and continued its worldwide expansion strategy.