• Home
  • News
  • DP World broadens logistics reach in Africa with proposed acquisition of Imperial Logistics
  • 2021 July 9 13:42

    DP World broadens logistics reach in Africa with proposed acquisition of Imperial Logistics

    Acquisition is part of DP World’s transformation into a logistics solutions provider

    DP World announces an offer to acquire JSE-listed Imperial Logistics, an integrated logistics and market access company with operations mainly across the African continent and in Europe. The acquisition will enhance DP World’s capabilities, particularly in Africa, building on its extensive infrastructure of ports, terminals and economic zones. It will also significantly accelerate DP World’s transformation into an advanced logistics company offering end to end supply chain services to the owners of cargo.

    DP World’s cash offer of ZAR66 per share implies an equity consideration of around ZAR 12.7bn (around USD890mn). It represents a premium of 39.5% to the Imperial share price as of 7th July 2021 on the Johannesburg Stock Exchange (JSE) and a 34.2% premium to the 30-day volume weighted average price. This transaction is subject to Imperial’s shareholder approval and other customary completion conditions including regulatory approvals.

    Imperial is an integrated logistics and market access solutions provider with a presence across 25 countries, including a significant footprint in the high growth Africa market. The Group focuses on fast-growing industries including healthcare, consumer, automotive, chemicals, industrial and commodities. Imperial’s business has been built on long-term partnerships with cargo owners, in addition to serving as a trusted partner to many multinational clients, principals and customers.

    The acquisition of Imperial will add new capabilities to DP World, particularly in Africa. Combining the companies will create the continent’s best network across inland logistics, ports & terminals, economic zones and marine logistics. DP World aims to improve connectivity between African producers along fast-growing trade lanes to the rest of the world.

    Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “The acquisition of Imperial will help DP World to build better and more efficient supply chains for the owners of cargo, especially in Africa. Imperial’s operations are complementary to our network of ports, terminals and logistics operations on the continent. Like DP World, Imperial’s biggest asset is its people, and we look forward to welcoming employees of Imperial into the DP World team on successful conclusion of the transaction.”

    The acquisition will also build on Imperial’s contribution to the South African economy. Integration with DP World will strengthen South Africa’s position as a logistics hub for Africa. DP World is keenly aware of the importance of economic transformation through Broad-Based Black Economic Empowerment (B-BBEE) and intends to maintain Imperial’s existing programmes, and fully supports Imperial’s proposed B-BBEE transaction that was announced in April 2021.

    Mohammed Akoojee, Group Chief Executive Officer of Imperial Logistics said: “This transaction will be value-enhancing for Imperial as the business will benefit from DP World’s leading technology, global networks and key trade lane volumes, while enabling us to build on our ‘Gateway to Africa’ strategic and growth ambitions. Combining DP World’s world-class infrastructure such as its investment and expertise in ports on the African continent, with Imperial’s logistics and market access platforms will enable us to offer integrated end-to-end solutions along key trade lanes into and out of Africa, also driving greater supply chain efficiencies, and ultimately enhancing value for all stakeholders.”

    The deal will be funded from DP World’s existing available resources. DP World continues to make positive progress on its capital recycling programmes and remains fully committed to its leverage target of net debt being below four times EBITDA by the end of 2022.

    About DP World
    We are the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions.  

    We deliver these services through an interconnected global network of 148 business units in 60 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

    Our dedicated, diverse and professional team of more than 54,620 employees from 137 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.

    We think ahead, anticipate change and deploy industry-leading digital technology to further broaden our vision to disrupt world trade and create the smartest, most efficient and innovative solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.




2021 October 17

15:19 Port Everglades new Heron Garage touts solar power, moving walkway
14:38 JAXPORT welcomes passenger vessel Ocean Explorer for port-of-call visit
13:27 Canadian fishing company choose Skipsteknisk design
12:11 Mayflower Wind signs agreement with Gladding-Hearn for design/build of hybrid electric offshore wind crew transfer vessel
11:03 USCG commissions fast response cutter Emlen Tunnell

2021 October 16

12:38 MYCRANE signs MoU with Swiss-based EPCM, PESCO Switzerland AG
10:19 Star Pride delivered at the Fincantieri shipyard in Palermo
09:37 Three zero-emission harbour tugs mark Corvus Energy’s 500th project order
08:16 Rolls-Royce launches mtu hydrogen solutions for power generation

2021 October 15

18:27 Sea Machines uses biofuel to power tug Nellie Bly on long-haul autonomous journey
18:07 Dublin Port Company to open €48m Dublin Inland Port
17:53 Danfoss Editron powering the first fast crew supply vessel able to compete with helicopter transfers
17:33 Tsawwassen First Nation and the Vancouver Fraser Port Authority sign renewed Relationship Agreement
17:09 Sevmash completed manufacturing of sections for offshore ice-resistant fixed platform LSP "A"
16:40 Global Ports Holding positions Kalundborg as an alternative to Copenhagen
16:33 Duisburg Rail Terminal welcomed the one millionth unit since it started the operations in 2013
15:13 Klaveness Combination Carriers signs a Letter of Intent with Shipshave AS to implement its semi-autonomous hull cleaning solution across its fleet
14:31 Wärtsilä next generation navigation simulator to power the Centre of Excellence in Maritime Safety in Singapore
14:09 Coral Consortium working on a water drone to regularly monitor water quality in the basins of the Port of Gdańsk
13:53 Port of San Diego adopts most ambitious maritime clean air strategy of its kind in California
13:22 LNGnews.RU supports 5th LNG Fleet, LNG Bunkering and Alternatives conference as its Media Partner
13:02 A.P. Moller - Maersk enters strategic partnership with Danish Crown on global end-to-end logistics
12:36 GTT is selected by Hyundai Heavy Industries to equip the tanks of two new LNG-fueled container vessels with its membrane containment technology and smart shipping solutions
11:47 Russian-Chinese joint naval exercise is underway in the Sea of Japan
11:23 Transneft Kozmino Port starts construction of maintenance site for servicing mariculture site
10:08 MABUX: Bunker prices may continue slight upward changes on Oct.15
10:02 Port of Long Beach has second-busiest September
09:56 Port of Oakland’s Danny Wan heads statewide port group
09:51 Rosneft sells 5% in Vostok Oil to a consortium of Vitol and MME
09:32 Crude oil prices rise driven by demand growth
09:19 Baltic Dry Index as of October 14

2021 October 14

18:05 MOL, SoftBank and e5 Lab start joint studies for next-generation maritime high-speed satellite communications
17:54 Glavgosexpertiza approves construction of tank for light oil products at IPP terminal in Novorossiysk
17:35 Sembo secures $12m investment from Stena Line
17:15 Jan De Nul signs T&I contract for Gode Wind 3 & Borkum Riffgrund 3
16:52 Singapore Maritime Institute to support next phase of maritime R&D activities with funding and partnerships
16:15 ABS and Kongsberg Digital join forces to power maritime digitalization and decarbonization
15:58 Petersburg Oil Terminal handled 6.9 million tonnes of oil products in 9M’21, down 1% YoY
15:41 Topsoe puts demonstration plant into operation for production of sustainable Methanol from biogas
15:25 MABUX: Bunker Weekly Outlook, Week 41, 2021
15:24 Scandlines prepares sister ferry M/V Berlin for installation of Norsepower Rotor Sail
15:04 AET completes its first ever LNG bunkering in the US
14:53 Gazprom and Russian Government sign agreement of intent on hydrogen energy
14:31 Solstad Offshore, Aker Solutions and DeepOcean create offshore renewables alliance
14:11 Maersk invests in Vertoro to develop green lignin marine fuels
13:59 Joint Sea 2021 Russian-Chinese naval exercise starts in Sea of Japan
13:34 ABB to turbocharge first ME-GA engines as MAN ES opens new route to sustainable sailing for gas carriers
13:10 BC Ferries' sixth Island Class ferry departs Romania bound for B.C.
13:01 Sea Terminal “Tuloma” obtains permit for construction of dry bulk cargo terminal in Murmansk
12:32 New NIC-place Data Lake maximizes value of business logistics data using customized Big Data analytics
12:10 Valaris Drillship achieves ABS Enhanced Electrical System Notation in world first
11:41 Nor-Shipping expects ‘fundamental shift’ in industry focus post COP26
11:05 Maersk Tankers uses vessels’ “digital twin” to slash emissions
10:34 7th Annual East Africa Transport & Infrastructure conference to be held on 15-16 November 2021 in Ethiopia
10:12 BTP Terminal in Brazil goes live remotely with CyberLogitec’s OPUS Terminal
09:53 MABUX: Still no firm trend on Global bunker market on Oct.14
09:30 Crude oil prices rise driven by OPEC output forecast
09:15 Baltic Dry Index as of October 13

2021 October 13

18:17 Portsmouth International Port sets course for shore power
17:58 Makarov Training Centre advances in the international SIMREC project