Wednesday 19th Sep, 2018

DP World announces Peruvian acquisition

Photo: Shutterstock
Photo: Shutterstock

DP World has announced the acquisition of the Peruvian integrated logistics company Cosmos Agencia Marítima.

The acquisition also includes 100% of the shares of Triton Transports and Neptunia and a 50% share in Peru’s second-largest container terminal, Terminales Portuarios Euroandinos.

The acquisition adds to DP World’s existing container terminal at Callao, as well as integrated logistics services in the country.

DP World group chairman and CEO Sultan Ahmed Bin Sulayem said the company was delighted to add Cosmos Agencia Marítima to its interests.

“Latin America is a very important market for us and this move adds value for our customers in the region with logistics services to our existing container terminal in Callao and inland container terminal in Lurin,” he said.

“The acquisition underlines the confidence we have in Peru and the potential of its economy. As leaders of global trade, we believe the logistic sector in the country has great potential.”

DP World Peru CEO Gerard van den Heuvel said the acquisition diversifies the revenue of the  business through a wider range of logistics services.

“We already operate the largest container facility in the country in Callao which has rapidly become a leader for trade along the west coast of South America and this will enhance our services even further,” he said.

Send this to friend