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Announced

AP Moller Capital to acquire Vector Logistics.

Synopsis

AP Moller Capital, an investment company, agreed to acquire Vector Logistics, a frozen logistics operator. Financial terms were not disclosed. “Vector Logistics is highly respected with a long track record in South Africa and we are excited to contribute to its transformative vision for both the industry and the region. Vector Logistics’ reliable operations enable maintenance of the cold chain for food products, which increases shelf life and reduces food waste. We see a growth opportunity for Vector Logistics and we believe that our experience and our network will help to drive this growth,” Joe Nielsen, A.P. Moller Capital Partner.

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