DP World has bought Transworld Feeders FZCO, Avana Logistek Limited, including its subsidiary Avana Global FZCO, and Transworld Feeders Pvt. Ltd.
In a statement, the terminal operator said the acquisition had been made through its subsidiary Unifeeder and includes EXIM feeder shipping operations of Shreyas Shipping and Logistics Limited.
Transworld Feeders FZCO and Avana Global FZCO are independent feeder and Non-Vessel Operating Common Carriers (NVOCC) operators, offering container feedering services and regional trade solutions connecting ports in the Middle East, the Indian Subcontinent and Far East through their dense network.
The Port of Jebel Ali already plays a pivotal role for a large part of the services and the companies have a strong presence within trade routes west of the Indian Subcontinent.
Furthermore, DP World said the acquisition will complement the recent acquisition of Feedertech and Perma Shipping, which have a strong market position in the trade routes towards the east of the Indian Subcontinent.
Transworld Feeders Pvt. Ltd. and Avana Logistek Limited covers all the main ports, terminals and inland destinations in India.
Avana Logistek Limited also provides first mile and last mile delivery solutions within the Indian domestic market.
Additionally, DP World said they will both complement and expand its ability to offer a broader range of India focused solutions.
These new entities will continue to operate an asset-light structure as per the Unifeeder model, which delivers greater flexibility and efficiency for customers.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “We are delighted to announce these bolt-on acquisitions which give us complete coverage in fast-growing markets between East Africa, Gulf, and the wider Indian Subcontinent.
“These new activities are in line with our strategy and complement our recent acquisitions of Feedertech and Perma Shipping.
“We now have the capability to offer superior connectivity between Asia, the Indian Subcontinent, the Middle East, and East Africa, and this greater scale and comprehensive network presence will allow us to reduce inefficiencies in the supply chains to the benefit of all our customers.”