DP World ac­quires 100% shares of Unifeeder

Muscat Daily - - BUSINESS -

The UAE-based global trade en­abler DP World an­nounced the suc­cess­ful clos­ing of the ac­qui­si­tion of 100 per cent of the Unifeeder Group, an in­te­grated lo­gis­tics com­pany with the largest and best-con­nected feeder and grow­ing short­sea net­work in North­ern Europe with con­nec­tiv­ity to ap­prox­i­mately 100 ports.

Unifeeder op­er­ates the largest and most densely con­nected com­mon user con­tainer feeder and an im­por­tant and grow­ing short­sea net­work in Europe, serv­ing both deep-sea con­tainer hubs and the in­tra-Europe con­tainer freight mar­ket.

The trans­ac­tion val­ued at € 660mn will en­hance DP World’s pres­ence in the global sup­ply chain and broaden its ser­vices to cus­tomers – both ship­ping lines and cargo own­ers – with a view to ul­ti­mately re­duce in­ef­fi­cien­cies and im­prove the com­pet­i­tive­ness of global trade, a press re­lease said.

Sul­tan Ahmed bin Su­layem, group chair­man and chief ex­ec­u­tive of­fi­cer of DP World, said, “We are de­lighted to close the Unifeeder ac­qui­si­tion and add their busi­ness to our portfo-

lio. With Unifeeder, we are ac­quir­ing a lead­ing port re­lated lo­gis­tics so­lu­tions provider in Europe as part of our strat­egy to grow in com­ple­men­tary sec­tors. This trans­ac­tion is very rel­e­vant to our busi­ness and pro­vides fu­ture growth op­por­tu­ni­ties, es­pe­cially that feed­er­ing and short­sea/re­gional trans­ports with smaller ves­sels have be­come more im­por­tant for ship­ping lines with the use of larger ves­sels by ship­ping al­liances. Both DP World and Unifeeder busi­nesses op­er­ate un­der the same com­mon-user prin­ci­ple, which is a strong value propo­si­tion to our cus­tomers and we look for­ward to join­ing our ex­per­tise to make the global sup­ply chain more ef­fi­cient and cost ef­fec­tive.”

Founded in 1977, Unifeeder pro­vides ef­fi­cient and sus­tain­able trans­port so­lu­tions for in­ter­na­tional con­tainer ship­ping lines be­tween in­ter­na­tional and re­gional ports and short­sea ser­vices to cargo own­ers with fully mul­ti­modal door-to-door so­lu­tions, com­bin­ing seaborne trans­porta­tion with road and/or rail.

The trans­ac­tion val­ued at € 660mn will en­hance DP World’s pres­ence in the global sup­ply chain

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