DP World Expands Its Asian Footprint with Acquisition of Cargo Services Far East

UAE-based port operator DP World is reportedly finalizing the acquisition of Hong Kong-based logistics firm Cargo Services Far East, with the potential takeover valued between USD 300 mn and USD 400 mn. This strategic move is aimed at expanding DP World’s Asian footprint, following recent agreements in Brazil and South Korea.

Port

Both firms are in the process of finalizing the transaction, with an official announcement expected in the coming days. The final value of the acquisition will depend on the assets included in the sale. DP World’s expansion efforts have been gaining momentum, with a focus on strategic partnerships and developments in key markets.

Logistics

Cargo Services Far East, owned by Hong Kong tycoon John Lau, specializes in cold chain logistics, ocean and freight shipping, and fashion distribution. With offices in 35 cities across China, Singapore, Australia, South Africa, and the US, the company has established a strong presence in the region.

Expansion

DP World’s recent agreements with Brazil’s leading railway operator Rumo and plans for a new logistics center in South Korea’s Busan New Port demonstrate the company’s commitment to growth and innovation in the global market. The acquisition of Cargo Services Far East is expected to further strengthen DP World’s position in Asia.

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