The Philippine terminal group International Container Terminal Services, Inc. (ICTSI) has signed an agreement with the African Infrastructure Investment Managers (AIIM), asset manager specialized in infrastructure investments in Africa, for buy the entire share capital of TLG Acquisition Holdings, port company operating under the brand The Logistics Group (TLG) in Mozambique, Namibia and South Africa. Currently, TLG's capital is held by AIIM through South African AIIF4 General Partner Proprietary funds Ltd. and IDEAS Infrastructure II GP Proprietary Ltd. respectively with shares of 74% and 26%.

TLG was founded in 2019 through the spin-off of logistics division of the South African Capespan controlled by Zeder Investments Ltd., but its activity dates back to the 80s when it operated in South African ports, initially mainly in the fruit and vegetable export service. Currently the company operates in solid and liquid bulk traffic, breakbulk and special cargo, containers, and manages warehouses as well as docks and port terminals. In addition, it offers road transport and railway and has its own railway rolling stock for cross-border services.