Acquisition bolsters DP World’s capabilities in end-to-end solutions for customers
DP World has completed the acquisition of Cargo Services Far East, a global supply chain provider headquartered in Hong Kong.
Cargo Services is a market leader in origin services – moving goods from the factory floor to the customer’s door. It employs over 2,500 people in Greater China and across Asia, Europe, South Africa and the US.
Founded in 1989, Cargo Services was one of the earliest foreign logistics service providers to enter the China market. Over the decades, it has established an extensive portfolio of solutions such as origin purchase order management, ocean freight, air freight and warehousing for a diverse range of sectors.
Industries such as automotive, chemicals, healthcare, perishables, retail and technology, require tailored logistics solutions. DP World is strategically focused on creating specialised offerings that address each sector’s specific challenges and opportunities. The goal is to provide comprehensive, sector-specific solutions that drive efficiency, innovation, and growth.
Growing network
“By combining our strengths—technology, a growing network, portfolio and strategic infrastructure with Cargo Services’ expertise and network, we will be able to offer unparalleled value to customers seeking to strengthen existing trade ties or enter new markets,” emphasized Sultan Ahmed Bin Sulayem, Group Chairman & Chief Executive Officer, DP World.
“By joining DP World, we will gain access to extensive resources and expertise, allowing us to continue delivering top-tier freight-forwarding and logistics services that our customers demand,” remarked John Lau, Group Managing Director, Cargo Services Group.
To ensure a seamless transition, Lau will remain with the business and assume a senior leadership position within DP World.
