Two funds, Spanish Mediterránea Capital and Tunisian Africinvest (formerly Uninvest), have completed their acquisition of the San Jose-López trucking company by buying 51% of the shares from the three families that founded the company, according to a report by Transporte XXI. Previously, Gipuzkoa company SJL merged with Grupo San José-López.
The transaction, for an amount which has not been revealed, has occurred two years after the two funds entered SJL, when they bought 49% through a capital increase of 16 million euros. The investment confirms the interest of the new owners in the road transport company, which will maintain its expansion plan in North Africa, the main focus of the company’s development, whose only partner is SJL Maghreb, which owns a surface area of 50,000 square metres in Morocco.
SJL has recently strengthened its presence in the Maghreb by opening new facilities in Tunisia. The company obtained a 23,000 square metre plot, where it has erected premises with a surface area of 2,300 square metres.
In addition, it has doubled the surface area of the warehouse it manages in the Tanger-Med port to 4,000 square metres, which stands on a rented plot of 12,000 square metres. In the same way, it has opted for developing an automotive logistics platform in Tangier, with links to the Renault-Nissan plant. The company closed 2014 with turnover of 106 million euros.