The global supply chain leader DP World has agreed to acquire a majority stake in South Korea based UNICO Logistics Co. Ltd.
- The Dubai- based DP World is a provider of worldwide smart end-to-end supply chain logistics.
- UNICO has a global footprint of 25 subsidiaries in 20 countries and is one of the largest independent NVOCC (Non-Vessel Operating Common Carrier) in South Korea.
- UNICO is a multimodal transport specialist with strong market position in the fast-growing transcontinental rail freight market between East-Asia and Central-Asia and Russia.
The major deals and investments by DP World are featured below:
February 2020: DP World, plans to invest $1 billion in Bangladeshs logistics infrastructure. The investment includes the developments of container supply chain infrastructure, port infra, rail network, and inland container terminals.
January 2020: DP World has acquired a 44% stake in Swissterminal Holding, a leading container terminal operator. The acquisition has strengthened its position as an inland supply chain solutions provider. The Swissterminal is based in Frenkendorf, and it also has a presence in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen, and Liestal in Switzerland.
December 2019: DP Worlds subsidiary Unifeeder has announced the acquisition of a 77% stake in Feedertech Group. Singapore based Feedertech Group, operates two businesses, Feedertech, which is an independent feedering service and Perma, a regional short-sea network. The transaction will enhance DP Worlds logistics capability to offer an end-to-end solution to both the shipping lines and cargo owners across the world.
May 2019: DP Worlds joint venture HIPL has acquired a 76% stake in KRIBCHO Infrastructure Ltd (KRIL). Hindustan Infralog Pvt Ltd (HIPL) is a joint venture between DP World and National Investment and Infrastructure Fund (NIIF). The deal helped DP World to emerge as one of the leading integrated rail terminal and container train operators in India.
About DP World
DP World is a global port operator, based in Jebel Ali in Dubai, UAE. The company is a leading enabler of international trade and an integral part of the global supply chain. The company manages multiple businesses from marine and inland terminals, port management, maritime services, logistics, and ancillary services to technology-driven trade solutions.
DP World has a portfolio of more than 150 operations in around 45 countries across six continents, with a significant presence in both high-growth and mature markets of the world. The company has a team of over 50,000 people across the globe