DP World widens end-to-end service offering with Feedertech acquisition
Unifeeder, a fully owned subsidiary of DP World, has announced the acquisition of a 77% stake in Feedertech Group, enabling it to expand its feedering and short-sea services into Asia, the Indian Subcontinent and the Gulf trades.
The deal, which is expected to close in Q1 2020, is the latest step in DP World’s strategy to build end-to-end logistics capability to serve the needs of shipping lines and cargo owners.
Based in Singapore, Feedertech operates an independent feedering service as well as Perma, a regional shortsea network, with both connecting Asia to the Middle East via the Indian Subcontinent.
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