DP World has acquired Danish feeder and short-sea operator Unifeeder from Nordic Capital Fund VIII and minority shareholders for €660m (US$765m).
Based in Aarhus, Denmark, Unifeeder operates feeder services and short-sea networks across 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: “The ever-growing deployment of ultra-large container vessels has made high-quality connectivity from hub terminals crucial for our customers. 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 provides connectivity to around 100 ports and provides multimodal door-to-door solutions, combining transportation with road and rail.
Jesper Kristensen, CEO of Unifeeder, said: “Our increased outreach and international scope, will facilitate that we can serve our clients even more broadly and with even more scale and competitiveness.
“We will strive to further improve our offering and further optimise the transhipment markets and the supply chains in Europe and beyond – to the benefit of our clients in particular and the cargo in general.”
The acquisition is subject to regulatory approvals and is expected to close in the final quarter of 2018. It will be financed from DP World’s existing balance sheet resources.