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 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.
Want to stay updated on the latest industry news and trends? Subscribe today to receive your monthly news highlights directly in your inbox!