DP WORLD CLOSES AC­QUI­SI­TION OF UNIFEEDER, BOOST­ING MUL­TI­MODAL ABIL­ITY

Logistics Middle East - - UPDATE -

DP World has an­nounced the suc­cess­ful clos­ing of the ac­qui­si­tion of 100% of the Unifeeder Group (Unifeeder), 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 €660 mil­lion (US $751-mil­lion) 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 in­efl­cien­cies and im­prove the com­pet­i­tive­ness of global trade.

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