TSL will acquire Premier

News Story
- 30 Jan 2014 ( #652 ) - Harare, Zimbabwe
1 min read
TSL Ltd is set to acquire a majority stake in Harare-based Premier Forklifts to complement its logistics division.

A source told All Africa Global Media that TSL owns one of Zimbabwe's largest logistics companies and the acquisition "makes a lot of business sense".

"They have agreed on most of the critical issues and the deal looks certain," the source added.

TSL Ltd is a conglomerate with interests in logistics, tobacco, agricultural inputs and properties. Its logistics division, BAK Logistics, one of the largest in the country, is involved in port handling, storage, distribution, transportation, contract management, car rentals and tours.

The acquisition price is estimated to be nearly USD3 million.

Premier Forklifts is the official agent and distributor of Toyota, Clark and Kalmar forklifts in Zimbabwe. It is also an agent and distributor of BT Lifting Equipment, Bolzoni Auramo clamps and forklift attachments, and various brands of forklift tyres.

According to All Africa Global Media, for the 2012 financial year, TSL Ltd's logistics division reported 22.8% revenue growth from the previous year's USD11.7 million to USD14.4 million.
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MTC Forklifts b.v. is an international wholesale company specialised in buying & selling forklifts, port equipment & aerial platforms. We deliver worldwide from our yard in the Netherlands. Check these specials:

2017 Combilift ESL2575 | 2012 Hubtex S50D
2014 JCB 930-4 | 2013 Hyster H18XM-12
2015 Genie GS1932 | 2015 Doosan BR16JW-7
2013 Caterpillar NSR12N | 2011 Nissan PLL180 

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