DP World announces an offer to acquire JSE-listed Imperial Logistics, an integrated logistics and market access company with operations mainly across the African continent and in Europe.
The acquisition of Imperial will add new capabilities to DP World, particularly in Africa. Combining the companies will create the continent’s best network across inland logistics, ports & terminals, economic zones and marine logistics, DP World aid in a press statement.
“The acquisition of Imperial will help DP World to build better and more efficient supply chains for the owners of cargo, especially in Africa,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
The acquisition will also build on Imperial’s contribution to the South African economy. Integration with DP World will strengthen South Africa’s position as a logistics hub for Africa. DP
“This transaction will be value-enhancing for Imperial from DP World’s leading technology, global networks and key trade lane volumes, while enabling us to build on our Gateway to Africa strategic and growth ambitions,” remarked Mohammed Akoojee, Group CEO, Imperial Logistics.