DP World acquires Unifeeder
DP World has acquired the Unifeeder Group, valued at €660 million, which operates a container feeder and shortsea network in Northern Europe with connectivity to 100 ports, serving both deep-sea container hubs and the intra-Europe container freight market.
“With Unifeeder, we are acquiring a leading port related logistics solutions provider in Europe as part of our strategy to grow in complementary sectors,” said DP World group chairman Sultan Ahmed Bin Sulayem.
“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”