(MENAFN- The Arabian Post) |By Arabian Post Staff|  Global trade enabler DP World announced the successful closing of the acquisition of 100% of the Unifeeder Group, an integrated logistics company with the largest and best-connected feeder and growing shortsea network in Northern Europe with connectivity to approximately 100 ports.
Unifeeder operates the largest and most densely connected common user container feeder and an important and growing shortsea network in Europe, serving both deep-sea container hubs and the intra-Europe container freight market. The transaction valued at €660 million will enhance DP World's presence in the global supply chain and broaden its services to customers â€'' both shipping lines and cargo owners â€'' with a view to ultimately reduce inefficiencies and improve the competitiveness of global trade. Unifeeder's current operations, which offer a unique platform for independent logistics solutions, are complementary to DP World's existing business and offer future growth opportunities. Founded in 1977, Unifeeder provides efficient and sustainable transport solutions for international container shipping lines between international and regional ports and shortsea services to cargo owners with fully multimodal door-to-door solutions, combining seaborne transportation with road and/or rail. The business is cash generative and operates on a highly flexible cost base. It has reported revenue of €510 million in 2017 and EBIT margins in line with other asset-light logistics operators.
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