DP World Australia, a subsidiary of DP World, announced it has entered into a binding Scheme Implementation Deed for the acquisition of 100% of the issued share capital of Silk Logistics Holdings Limited.
The transaction values the equity of Silk Logistics at approximately Aus$ 174.5mn (US$ 114.16mn). This transaction is subject to shareholder approval of Silk Logistics and standard closing conditions, including necessary regulatory approvals, and is expected to be completed in H1-2025.
Silk Logistics is a comprehensive port-to-door logistics services provider which operates 21 logistics hubs and 25 warehousing sites across five Australian states.
Multimodal distribution solutions
The Group operates two main business segments, Port Logistics, which offers seamless wharf cartage services between Australia’s major ports, and Contract Logistics, which provides warehousing and multimodal distribution solutions to support complex supply chain needs.
DP World Australia is a subsidiary of DP World, a leading global transport and logistics company, handling approximately 10% of global containerised trade. It operates four container terminals and three container parks– in Brisbane, Sydney, Melbourne and Fremantle, as well as inland distribution centres and warehouses.
“This strategic move reinforces our commitment to providing seamless, end-to-end customised solutions for our customers, while delivering sustainable value for all our stakeholders,” stated Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
“This acquisition aligns with our strategy to deliver complimentary logistics solutions for a broad customer base across Oceania,” observed Glen Hilton, CEO and Managing Director, Asia Pacific, DP World.
