DP World announced this week it had acquired 100% of the Unifeeder Group for €660m from Nordic Capital Fund VIII and minority shareholders.
Based in Aarhus Denmark, Unifeeder operates a large common user container feeder and a growing shortsea network in Europe, servicing deep-sea container hubs and the intra-Europe container freight market.
The acquisition is subject to regulatory approvals.
DP World group chairman and CEO Sultan Ahmed Bin Sulayem said his company was “delighted” to bring the Unifeeder brand under the DP World umbrella, noting the acquisition would support DP World’s strategy to grow in complementary sectors and play a wider role in the global supply chain.
“The ever-growing deployment of ultra-large container vessels has made high-quality connectivity from hub terminals crucial for our customers and Unifeeder is a best-in-class logistics provider in this space with a strong reputation in Europe,” he said.
“Our aim is to leverage on the in-house expertise of Unifeeder and to accelerate growth in this scalable platform to deliver value for all stakeholders. Unifeeder operates on the same common-user principle as DP World and adds to the group’s strong value proposition to international shipping lines and end cargo owners in making the global supply chain more efficient and cost effective.”
Unifeeder CEO Jesper Kristensen said Unifeeder would benefit from DP World’s expertise in the wider supply chain and “excellent” relationships with shipping lines and cargo owners.
“Not only is there commonality with our business models but we also share the vision of serving our customers through removing inefficiencies and delivering sustainable shareholder value,” he said.
“We have enjoyed great success over the last five years under Nordic Capital’s ownership, and we believe that the Unifeeder brand within the DP World Group has the opportunity to accelerate growth, expand further and take the business to the next level.”