According to business.inquirer.net, International Container Terminal Services Inc. (ICTSI) has signed an agreement to acquire 100 percent of TLG Acquisition Holdings Proprietary Ltd., an integrated port and cargo handling services provider operating in Mozambique, Namibia and South Africa.
Transaction structure and ownership
The seller is a consortium comprising African Infrastructure Investment Managers (AIIM) and Mokobela Shataki Proprietary Ltd. AIIM — through AIIF4 General Partner Proprietary Ltd. and IDEAS Infrastructure II GP Proprietary Ltd. — holds 74 percent of TLG, while Mokobela Shataki owns the remaining 26 percent. ICTSI did not disclose the financial value of the deal, which remains subject to regulatory approvals.
The acquisition extends ICTSI’s operational footprint across 19 countries in Asia-Pacific, the Americas, Europe, the Middle East and Africa. It adds three new markets to its existing African portfolio, where it already operates the Onne Multipurpose Terminal in Nigeria, Kribi Multipurpose Terminal in Cameroon, Matadi Gateway Terminal in the Democratic Republic of Congo and Madagascar International Container Terminal.
In December 2025, ICTSI also secured a 25-year term to operate Durban Container Terminal Pier 2 at the Port of Durban in South Africa — now its largest operation in the region — under a joint venture with Transnet SOC Ltd., a South African state-owned infrastructure company.
Financial performance and regional expansion
In the first half of the year, ICTSI reported a 22% increase in net income to $641.39 million, as revenue from port operations rose 27 percent to $1.92 billion.
The TLG acquisition supports ICTSI’s growth mode in Africa, where it aims to strengthen its foothold through integrated port and cargo handling services for bulk commodities and agricultural products across its facilities in Mozambique, Namibia and South Africa.
ICTSI currently operates 30 terminals globally. Its expansion into these three additional African markets reflects a strategic consolidation of regional infrastructure assets under a single operator framework.
Source: business.inquirer.net
Compiled from international media by the SCI.AI editorial team.
