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DP World has finished acquiring of Hong Kong’s Cargo Services.

DP World has finished acquiring of Hong Kong’s Cargo Services.
blog image
Maritime

DP World has finished acquiring of Hong Kong’s Cargo Services.

DP World has completed its acquisition of Cargo Services, a prominent logistics company based in Hong Kong. Founded in 1989, Cargo Services has established itself as a significant player in the logistics sector, especially known for its early entry into the China market. The company employs over 2,500 people and operates across Greater China, Asia, Europe, South Africa, and the US. It offers a broad range of logistics solutions including origin purchase order management, ocean freight, air freight, and warehousing. With this acquisition, DP World will expand its operations to over 200 freight forwarding offices around the globe, which will cover up to 95% of global trade flows. Sultan Ahmed bin Sulayem, DP World’s Group Chairman & CEO, expressed his enthusiasm about the merger. He emphasized that Cargo Services' logistics expertise and extensive global network will perfectly complement DP World’s existing operations. This integration is expected to enhance their capability to offer comprehensive services to customers, helping them strengthen existing trade relationships and explore new markets. The acquisition process is now complete, and both companies are planning a full integration over the next few months. This strategic move aims to create a more powerful global logistics network, improving service offerings and operational efficiencies.


03 Sep 24
blog image
Maritime

DP World has finished acquiring of Hong Kong’s Cargo Services.

DP World has completed its acquisition of Cargo Services, a prominent logistics company based in Hong Kong. Founded in 1989, Cargo Services has established itself as a significant player in the logistics sector, especially known for its early entry into the China market. The company employs over 2,500 people and operates across Greater China, Asia, Europe, South Africa, and the US. It offers a broad range of logistics solutions including origin purchase order management, ocean freight, air freight, and warehousing. With this acquisition, DP World will expand its operations to over 200 freight forwarding offices around the globe, which will cover up to 95% of global trade flows. Sultan Ahmed bin Sulayem, DP World’s Group Chairman & CEO, expressed his enthusiasm about the merger. He emphasized that Cargo Services' logistics expertise and extensive global network will perfectly complement DP World’s existing operations. This integration is expected to enhance their capability to offer comprehensive services to customers, helping them strengthen existing trade relationships and explore new markets. The acquisition process is now complete, and both companies are planning a full integration over the next few months. This strategic move aims to create a more powerful global logistics network, improving service offerings and operational efficiencies.


03 Sep 24
blog image
Maritime

DP World has finished acquiring of Hong Kong’s Cargo Services.

DP World has completed its acquisition of Cargo Services, a prominent logistics company based in Hong Kong. Founded in 1989, Cargo Services has established itself as a significant player in the logistics sector, especially known for its early entry into the China market. The company employs over 2,500 people and operates across Greater China, Asia, Europe, South Africa, and the US. It offers a broad range of logistics solutions including origin purchase order management, ocean freight, air freight, and warehousing. With this acquisition, DP World will expand its operations to over 200 freight forwarding offices around the globe, which will cover up to 95% of global trade flows. Sultan Ahmed bin Sulayem, DP World’s Group Chairman & CEO, expressed his enthusiasm about the merger. He emphasized that Cargo Services' logistics expertise and extensive global network will perfectly complement DP World’s existing operations. This integration is expected to enhance their capability to offer comprehensive services to customers, helping them strengthen existing trade relationships and explore new markets. The acquisition process is now complete, and both companies are planning a full integration over the next few months. This strategic move aims to create a more powerful global logistics network, improving service offerings and operational efficiencies.


03 Sep 24