The Laser Group is a privately owned South African logistics service
provider. Laser was incorporated in South Africa in 1971 and was
listed on the Johannesburg Stock Exchange under the transport sector
for 17 years from 1986.
In March 2003, a consortium of management led by Michael Fuller
(The Laser Group Ltd CEO) acquired the business and de-listed the
group. In its formative years, Laser focussed its activities on
domestic furniture removals, storage and relocation. The Group developed
and maintained the prominent brands and businesses of Stuttaford
Van Lines, Pickfords and Frasers International.
As the dominant player in the removals market during the 1990's,
the group was able to expand its operations and expertise to other
logistics businesses. In 1998, at a time when the residential housing
market was at a low and interest rates had reached a high of 25%,
Laser sold the removals business to the operating company management.
The proceeds from this sale enabled the Group to further develop
an integrated logistics business, whilst also identifying areas
where it could offer other outsourced support services to businesses
(eg HR and Information Technology).