Malta-based PB Group has acquired all the operating companies running the Thomas Smith insurance and logistics businesses.

PB Group Executive Chairman John Naudi

PB Group, a key regional logistics operator, is specialised in the delivery of highly specialised engineering solutions in the water and energy sectors.

“This acquisition marks a very important milestone for PB Group, following which we shall blend the legacy and strength of the Thomas Smith businesses within our vision to realise sustainable growth and increasingly become a key contributor to the economy of the Maltese Islands,” says Executive Chairman John Naudi.

“Furthermore, this development not only consolidates our market position within the local logistics sector, but it also strengthens our regional posture, opening up our Group to further value-added internationalisation opportunities.”

PB Group CEO David Raphael Busuttil

PB Group CEO David Raphael Busuttil said the company is “extremely proud of the acquisition of the Thomas Smith businesses, a prestigious, established and respected brand in the local logistics sector which this year celebrates its 175 years of operations.

“Making Thomas Smith part of the PB Group will signal a new and exciting chapter for the motor of our enterprise: our family of 110 employees,” he added.

As a local start-up, PB Group started exploring the water and energy industries over 20 years ago. Formal operations commenced in 2008, pursuant to which it managed to build a strong international reputation and placed Malta on the international complex engineering solutions map through its delivery.

Today, the company has managed to expand its operations in 10 countries across the African continent, namely Algeria, Egypt, Libya, Mauritania, Senegal, Ghana, Niger, Congo, Uganda and Mozambique, a number which is set to go up to 12 by the end of 2023.