DP World has acquired Danish group Unifeeder for €660m from Nordic Capital Fund VIII and minority shareholders.
Aarhus-based Unifeeder operates common user container feeder and and short sea network in Europe, serving both deep-sea container hubs and the intra-Europe container freight market. Last year it turned over €510m in 2017.
DP World chairman Sultan Ahmed Bin Sulayem, said: “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. 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.”