DP World acquires Unifeeder Group

Unifeeder Unifeeder reported revenue of €510m in 2017. Credit: Unifeeder
Industry Database

DP World has acquired Unifeeder Group for €660m to boost its presence in the maritime global supply chain and help it become a “trade enabler”.

Denmark-based Unifeeder, which reported revenue of €510m in 2017, was acquired from Nordic Capital Fund VIII and certain minority shareholders. The integrated logistics company 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.

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: “We are delighted to add the Unifeeder brand under the DP World umbrella, which supports our strategy to grow in complementary sectors, strengthen our product offering and play a wider role in the global supply chain as a trade enabler.

“The ever-growing deployment of ultra-large container vessels has made high-quality connectivity from hub terminals crucial for our customers and Unifeeder is a best-in-class logistics provider in this space with a strong reputation in Europe.”

Efficiency goal

He added: “Our aim is to leverage on the in-house expertise of Unifeeder and to accelerate growth in this scalable platform to deliver value for all stakeholders. Unifeeder operates on the same common-user principle as DP World and adds to the Group’s strong value proposition to international shipping lines and end cargo owners in making the global supply chain more efficient and cost effective.”

Jesper Kristensen, CEO of Unifeeder, commented: “We are excited to join the DP World Group as we believe that Unifeeder will benefit from the Group’s significant expertise in the wider supply chain and excellent relationships with shipping lines and end cargo owners. Not only is there commonality with our business models but we also share the vision of serving our customers through removing inefficiencies and delivering sustainable shareholder value.”

LATEST PRESS RELEASES

Arctic Route: an historic milestone for SOGET and S)ONE

On September 6th, at the Radicatel Terminal which is located between Le Havre and Rouen, the special... Read more

SOMACOM chooses TGIBOX to access to a real time geolocalization of its CHE

Since the beginning of June, SOMACOM is operating TGIBOX with 4 Straddle Carriers on the container t... Read more

KRIBI port chooses OSCAR Terminal Operating System !

To achieve its ambition to become an essential logistics platform in the Central African region, the... Read more

World’s smartest digital port with Northern collaboration:

World’s smartest digital port with Northern collaboration: Largest multipurpose port in Finland adop... Read more

INTERNATIONAL EXPERTS WILL BE PART OF A HEATED DEBATE DURING THE AAPA CONVENTION IN VALPARAISO

Renowned international experts will take part in the debates scheduled for the 107th Convention of t... Read more

Breakbulk Events & Media Supports Project Cargo Summit in Rotterdam

Breakbulk Events & Media Supports Project Cargo Summit in Rotterdam Read more

View all