DP World completes Unifeeder acquistion
DP World has closed the acquisition of feeder operator Unifeeder for €660m (US$750m), aiming to enhance its services in the European market and marking a big step outside of its core container terminal business.
Unifeeder, which operates a growing shortsea network in Europe as it serves both deep-sea container hubs and the intra-Europe freight market, is connected to approximately 100 ports.
Through this transaction, the Dubai-based company sees Unifeeder’s “unique platform for independent logistics solutions” as a means to complement its business through reducing inefficiencies.
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