DP World has announced an acquisition offer that could accelerate its logistics transition

DP World has announced an acquisition offer that could accelerate its logistics transition

JSE-listed Imperial Logistics is an integrated logistics and market access solutions provider with operations mainly across Africa and in Europe. DP World said the proposed acquisition will enhance its capabilities, particularly in Africa, building on its extensive infrastructure of ports, terminals and economic zones.

The acquisition is also expected to significantly accelerate the company’s transformation into an advanced logistics company offering end to end supply chain services to the owners of cargo.

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: “The acquisition of Imperial will help DP World to build better and more efficient supply chains for the owners of cargo, especially in Africa.

“Imperial’s operations are complementary to our network of ports, terminals and logistics operations on the continent. Like DP World, Imperial’s biggest asset is its people, and we look forward to welcoming employees of Imperial into the DP World team on successful conclusion of the transaction.”

DP World has made a cash offer of ZAR66 per share for Imperial Logistics, which has a presence across 25 countries and focuses on fast-growing industries including healthcare, consumer, automotive, chemicals, industrial and commodities.

Combining the companies is anticipated to create Africa’s best network across inland logistics, ports & terminals, economic zones and marine logistics. DP World aims to improve connectivity between African producers along fast-growing trade lanes to the rest of the world.

The acquisition will also build on Imperial’s contribution to the South African economy. Integration with DP World is anticipated to strengthen South Africa’s position as a logistics hub for Africa. DP World understands the importance of economic transformation through Broad-Based Black Economic Empowerment (B-BBEE) and intends to maintain Imperial’s existing programmes, and support Imperial’s proposed B-BBEE transaction that was announced in April.

For more information visit www.dpworld.com

12th July 2021