Unifeeder is the best connected feeder and shortsea network in Northern Europe

The Aarhus-based Unifeeder is the best connected feeder and shortsea network in Northern Europe, with connectivity to around 100 ports.

bin Sulayem stated that DP World’s target is to purchase Unifeeder’s expertise to increase growth and add to DP World’s value proposition to international shipping lines and end cargo owners by making the global supply chain more cost effective and efficient.

Dubai-based ports operator DP World has reported the 100 percent acquisition of Denmark-based Unifeeder Group for $694 million (660 million euros) from Nordic Capital Fund VIII, the company stated on Tuesday.

Based in Aarhus, Unifeeder operators the biggest and most thickly connected common user container feeder and a growing shortsea network in Europe, which serves both the intra-Europe container freight market and deep-sea container hubs.

In 2017, Unifeeder announced the revenue of $590 million (510m euros) and EBIT margins “in line with other-asset light logistics operators”, as per DP World, adding that the acquisition will be financed from existing balance sheet resources and is believed to close by the fourth quarter of 2018.

Sultan Ahmed bin Sulayem, DP World group chairman and CEO stated, “We are delighted to add the Unifeeder brand under the DP World umbrella, which supports our strategy to grow in complementary sectors, strengthen our product offering and play a wider role in the global supply chain as a trade enabler.”

Bin Sulayem even said that “the ever-growing deployment of ultra-large container vessels has made high-quality connectivity from hub terminals crucial for our customer and Unifeeder is a best in-class logistics provider in this space with a strong reputation in Europe.”

bin Sulayem stated that DP World’s target is to purchase Unifeeder’s expertise to increase growth and add to DP World’s value proposition to international shipping lines and end cargo owners by making the global supply chain more cost effective and efficient.

Established in 1977, Unifeeder has the shortsea network and best-connected feeder in Northern Europe, with connectivity to around 100 ports.

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