JSE listed logistics company Imperial announced that it has acquired a specialized business for the management and distribution of ParcelNinja.
In a shareholder statement issued on Tuesday (February 23rd), Imperial said the agreement went into effect on February 1, 2021.
“Enabled by South Africa’s leading software, processes and human capabilities, ParcelNinja provides fulfillment on both B2C and B2B channels, including the informal market, supported by the management and optimization of courier package delivery,” Imperial said.
“This acquisition supports Imperial’s strategic ambitions to accelerate our digital capabilities and expand our logistics and market access services to last-mile distribution, e-commerce fulfillment, track and volume in Africa, while ensuring local relevance to our clients and directors.”
The group said the acquisition of ParcelNinja will provide specialized warehouse and distribution management in e-commerce, directly to consumers and informal markets
ParcelNinja was founded in 2013 by Justin Drennan, Ryan Drennan and Terence Murphy, and launched its first commercial services in October 2014.
It offers South African online stores an affordable outsourcing solution for all their needs.
Imperial also announced that its $ 20 million Imperial Innovation Fund now has five companies that are actively managed:
- Field intelligence, a digital pharmaceutical distributor operating in Nigeria and Kenya.
- Shypple, a digital freight forwarder operating between Asia and Europe.
- RedBird, a supplier of rapid diagnostic tests to pharmacies in Ghana.
- Lori, a digital freight exchange operating in East and West Africa, which also partnered with Imperial to launch in the SADC during 2021.
- An investment in a cross-border digital logistics service provider serving e-commerce retailers in the Middle East and Central Europe.
The Lori Systems deal was concluded in November 2020, giving it access to state-of-the-art e-logistics technology solutions across Africa.
Lori Systems is the leading e-logistics platform in Africa and coordinates the transport of goods in cross-border markets.
Imperial said its partnership with Lori Systems in the South African Development Community (SADC) region will help develop the African road freight industry through digital innovation and enabling.
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