FSG Completes Acquisition of Cheetah Logistics

  • Significantly expands FSG’s operational capabilities in the DRC and Sub-Saharan Africa
  • Adds established and licensed transportation business with trucks, trailers, forklifts and related logistics, servicing, and maintenance equipment

NAIROBI, Kenya--()--Frontier Services Group Limited (“FSG”) (SEHK:00500), a publicly listed, complete logistics solutions provider in frontier markets with its headquarters in Nairobi, Kenya, today announced that it has completed its previously-disclosed transaction to acquire Cheetah Logistics SARL, a privately-held transportation company headquartered in the Democratic Republic of the Congo (“DRC”). Terms of the transaction were not disclosed.

“With the addition of Cheetah’s well-established transportation business, we are meaningfully expanding our geographic reach into the DRC and Sub-Saharan Africa by providing transportation and logistics solutions that fall squarely within FSG’s operational capabilities,” said Gregg Smith, CEO of FSG.

The Democratic Republic of the Congo and adjacent West African markets possess some of the richest and most difficult-to-access natural resources on the African continent. A key area of opportunity for FSG is the safe and affordable transport of resources to and from these remote areas.

Pete Phillips, COO of FSG, said, “Our acquisition of Cheetah marks an important step forward for FSG in providing our customers complete logistics solutions, including land, air, sea and all of the warehousing and port management processes required to compress customers’ cycle times.”

About Frontier Services Group:

Frontier Services Group Limited (“FSG”) (SEHK: 00500) is a publicly listed company on the Hong Kong Stock Exchange with its headquarters in Nairobi, Kenya. FSG provides complete logistics solutions in frontier markets with a particular focus on Africa. Serving sectors across oil and gas, mining and humanitarian relief organizations, FSG is able to support customer’s needs around moving goods, material and people in to, and out of, some of the fastest growing, but more difficult operating environments in a safe, reliable and cost-effective manner.

For Further Information Please Visit: www.FSGroup.com

Contacts

Media Inquiries:
Conrad Harrington, + 44 (0) 20 3178 8914
charrington@sardverb.com

Contacts

Media Inquiries:
Conrad Harrington, + 44 (0) 20 3178 8914
charrington@sardverb.com