Dubai – Mubasher: DP World on Thursday announced that it has acquired the Unifeeder Group, an integrated logistics company with connectivity to approximately 100 ports in Northern Europe.
The deal will improve DP World’s presence in the global supply chain and broaden its services to customers and enhance the competitiveness of global trade, Dubai's state-owned ports operator said in a statement.
The agreement’s total cost amounted to $747 million (EUR 660 million).
“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,” Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said.
Unifeeder operates the largest and most densely connected common user container feeder and an important and growing shortsea network in Europe.
It serves both deep-sea container hubs and the intra-Europe container freight market, the statement said.
“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,” Sulayem added.
Sulayem noted that the acquisition is part of DP World’s strategy of diversifying its revenues and extending its core business to play a wider role in the global supply chain.
“We are excited to be part of the DP World Group and we look forward to leveraging their expertise to accelerate growth and take the business to the next level,” Jesper Kristensen, CEO of Unifeeder, commented.
It is worth noting that 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.
