DP WORLD ACQUIRES UNIFEEDER

One of Port Operators in Dubai, DP World, will acquire the largest pan-European regional offshore operator, Unifeeder.

On August 7, DP World signed an agreement with the company's major shareholder Nordic Capital Fund VIII, which is worth 660 million euros (about 76.36 million US dollars) to acquire 100% of Unifeeder's shares. While waiting for regulatory approval, the acquisition is expected to be completed in the fourth quarter of 2018.

It is reported that Unifeeder will continue to operate as a fully independent multi-user under the existing management. It will be expected to bring additional growth. DP World hopes to increase its influence in the global supply chain and expand its product range to improve efficiency and competitiveness of global trade.

Chairman and CEO of DP World, Sultan Ahmed Bin Sulayem, said that: “More and more arrangements of super-large container ships positive affect the high-quality docking service of container ship hub terminals. That means a lot to customers. Unifeeder is the leading logistics provider in the field. With the acquisition of Unifeeder, we are able to make advantage to Unifeeder's specialized knowledge and accelerate the development of the platform. It definitely creates value for all stakeholders.

Unifeeder CEO, Jesper Kristensen, said that......

http://sowoll.com/en/blog/post/449-dp-world-acquires-unifeeder

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