Imperial Logistics Limited (Imperial) and DP World Logistics (DP World) have both announced DP World’s offer to acquire a 100% stake in Imperial, including regulatory approvals, has been fulfilled. The transaction is now unconditional and will be implemented on 14 March 2022. This comes soon after DP World has announced its shipping container volumes increased by 9.4% in 2021.
DP World and its subsidiaries employ over 71,000 people across its worldwide operations and its aims to drive economic growth through more efficient supply chains, connecting markets, driving global trade flow and offering innovative solutions to cargo owners, while ensuring a positive and sustainable impact on societies and the planet. DP World is focused on driving sustainable growth whilst prioritising practices that have a positive impact on local people, communities, and the environment in which it operates.
The acquisition is expected to also add significant strategic value to DP World given Imperial’s footprint and strong market access and logistics solutions capability. Imperial’s business strongly complements DP World’s existing footprint in Africa and Europe and will allow DP World to deliver a fully integrated end-to-end solution across a wider market.
Source: DP World
