Adenia Partners A private equity firm focused on emerging businesses in Africa has acquired 100% of The Courier Guy, a popular last-mile logistics company among e-commerce companies, for an undisclosed amount.
Adenia Partners said: “Through the acquisition, Adenia aims to capitalize on the significant growth opportunities in South Africa's last mile delivery sector, driven by the rapid growth in e-commerce and the introduction of global market leaders to the country.” said. statement.
Adeniya expects South Africa's e-commerce market to reach US$16.3 billion by 2030, with an annual growth rate of 15% until then. The investment firm partnered with German development finance institution DEG, French development finance institution Proparco and South Suez as co-investors in the acquisition.
The investment team believes the company's involvement will be a catalyst for growth for The Courier Guy, which has an extensive network of delivery partners, kiosks and over 1,200 'pudo' smart lockers across South Africa.
Although there is no (obvious) direct link between The Courier Guy's acquisition and Amazon.com's impending retail launch in South Africa, Amazon's plans are expected to change the local logistics market. has been done.
Industry experts from Takealot.com, Bob Shop and Order Kasi said at an e-commerce webinar hosted by Insaka E-commerce Academy last week that Amazon's interest in the local market shows that growth potential still remains. He pointed out that there was.
e-commerce
As e-commerce grows on the back of Amazon's investment, mature logistics companies like The Courier Guy will benefit.
Read: What’s holding back e-commerce in townships?
“The partnership with Adenia and its co-investors opens an unprecedented opportunity for the company to strengthen its service offering, increase operational efficiency and accelerate growth as the company aims to set new standards in the logistics sector. We can't wait to see what the future holds for The Courier Guy as this collaboration unfolds,” Craig Pitchers, CEO of The Courier Guy, said in a statement. – © 2024 News Central Media
