DP World acquires Imperial

The acquisition is expected to add significant strategic value to DP World given Imperial’s strong market access and logistics solutions capability. Imperial’s business complements DP World’s existing footprint in Africa and Europe and will allow DP World to deliver a fully integrated end-to-end solution across a wider market.

“We are excited to conclude our acquisition of Imperial, which has a significant presence in Africa, a market where trade is expected to grow at more than twice GDP driven by population growth, accelerated urbanisation and rising middle classes,” said Sultan Ahmed Bin Sulayem, Group chair and chief executive of DP World.

“Imperial’s capabilities in market access and logistics and its extensive African and European footprint will complement and enhance our growth aspirations,” he said.

Imperial’s Group chief executive, Mohammed Akoojee added that the transaction would add value for employees, clients and stakeholders, enabling the company to build on its ‘Gateway to Africa’ strategy and growth ambitions.

“Combining DP World’s world-class infrastructure, specifically its investment and expertise in ports on the African continent, with Imperial’s logistics and market access platforms will enable us to offer integrated end-to-end solutions along key trade lanes into and out of Africa, also driving greater supply chain efficiencies, and ultimately enhancing value for all stakeholders,” he said.

As a consequence of this transaction, the Delisting of the Imperial’s Ordinary Shares from the Main Board of the securities exchange operated by the JSE will be implemented on 15 March 2022.