DP World to acquire Unico Logistics Co. Ltd

DP Worldhas agreed to acquire a 60 per cent shareholding in UNICO Logistics Co. Ltd. The transaction, subject to regulatory clearances, is expected to close in Q4 2020.

Established in 2002 by H.J. Park and headquartered in South Korea, UNICO has a global footprint of 25 subsidiaries in 20 countries and is one of the largest independent NVOCC (Non-Vessel Operating Common Carrier) in South Korea.

UNICO is a multimodal transport specialist with strong market position in the fast-growing transcontinental rail freight market between East-Asia and Central-Asia and Russia, in particular the Trans-Siberian Railway (TSR) and Trans China Railway (TCR).

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: "DP Worlds vision is to become the leading end-to-end supply chain solutions provider. By integrating Unico into our worldwide network we will be able to offer better service to our customers in South Korea and beyond. These new services further strengthen our logistics capabilities, which we are combining with our maritime services operations and our worldwide network of ports and terminals."

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