emirates7 - DP World Australia, a subsidiary of DP World, has signed a binding Scheme Implementation Deed to acquire 100% of Silk Logistics Holdings Limited's issued share capital through a Scheme of Arrangement, offering A$2.14 per share in cash.
This acquisition values Silk Logistics' equity at approximately A$174.5 million. The deal, subject to shareholder approval and standard regulatory clearances, is anticipated to close in the first half of 2025.
Silk Logistics is a comprehensive port-to-door logistics provider, managing 21 logistics hubs and 25 warehousing sites across five Australian states. Its operations focus on two key segments: Port Logistics, which facilitates seamless wharf cartage between major Australian ports, and Contract Logistics, offering warehousing and multimodal distribution services to support complex supply chains.
DP World Australia, as part of DP World—a global transport and logistics leader handling about 10% of global container trade—operates four container terminals and three container parks in Brisbane, Sydney, Melbourne, and Fremantle, along with inland distribution centers and warehouses.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, stated, “Acquiring Silk Logistics strengthens our integrated logistics capabilities and broadens our service offerings. This strategic investment reflects our dedication to delivering seamless, end-to-end customized solutions to our clients and sustainable value to all stakeholders.”
Glen Hilton, CEO and Managing Director for Asia Pacific at DP World, remarked, “DP World Australia is thrilled to welcome Silk Logistics to our portfolio. This acquisition aligns with our strategy to offer complementary logistics solutions across Oceania. Integrating DP World Australia’s terminal operations with Silk Logistics’ value-added services enhances our capacity to provide comprehensive solutions for our customers.”
This acquisition values Silk Logistics' equity at approximately A$174.5 million. The deal, subject to shareholder approval and standard regulatory clearances, is anticipated to close in the first half of 2025.
Silk Logistics is a comprehensive port-to-door logistics provider, managing 21 logistics hubs and 25 warehousing sites across five Australian states. Its operations focus on two key segments: Port Logistics, which facilitates seamless wharf cartage between major Australian ports, and Contract Logistics, offering warehousing and multimodal distribution services to support complex supply chains.
DP World Australia, as part of DP World—a global transport and logistics leader handling about 10% of global container trade—operates four container terminals and three container parks in Brisbane, Sydney, Melbourne, and Fremantle, along with inland distribution centers and warehouses.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, stated, “Acquiring Silk Logistics strengthens our integrated logistics capabilities and broadens our service offerings. This strategic investment reflects our dedication to delivering seamless, end-to-end customized solutions to our clients and sustainable value to all stakeholders.”
Glen Hilton, CEO and Managing Director for Asia Pacific at DP World, remarked, “DP World Australia is thrilled to welcome Silk Logistics to our portfolio. This acquisition aligns with our strategy to offer complementary logistics solutions across Oceania. Integrating DP World Australia’s terminal operations with Silk Logistics’ value-added services enhances our capacity to provide comprehensive solutions for our customers.”