SPECIALIST logistics group Santova — which has seen its share price almost double in the past 12 months — continues to carefully stretch its global reach.On Tuesday the company firmed up expansion plans for its recently acquired German operations and showed its intent to capitalise on cross-border trade in Africa.Both developments have been welcomed by analysts, who believe Santova is pursuing a prudent expansion policy that will ensure incremental growth in the future.The company announced it had established a Hamburg office for the recently acquired freight forwarding and clearing agent Masterfreight Internationale Spedition.The business is focused on air freight imports and exports.Santova CEO Glen Gerber said the Hamburg expansion formed part of a strategy to establish sea and air freight capabilities in all major transportation gateways throughout Europe. The Hamburg development coincided with Santova announcing the small acquisition of AEMC Trading Agency, a procurement and lo...
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