DP World Completes Billion Dollar Acquisition


DP World, one of the world’s leading port and terminal operators, has acquired logistics company Topaz Energy & Marine in a deal worth USD $1.1 billion, according to The Financial Times.

The purchase, which is expected to increase DP World’s “exposure to marine logistics”, was agreed with Oman-listed Renaissance Services and Standard Chartered Private Equity/Affirma Capital.

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive of DP World, hailed the move as a continuation of the company’s expansion into supply chain services.



He said: “We have been investing selectively in the marine logistics sector in companies with high revenue visibility.”

Dubai-based Topaz operates a fleet of 117 vessels that primarily operate in and around the Middle East, North Africa and West Africa.

Rashid Abdulla, DP World, discusses port-centric logistics in a recent Port Technology technical paper

DP World’s acquisition of Topaz follows a number of other purchases in recent months, including that of European ro-ro operator P&O Ferries for $421 million.

The company also acquired Unifeeder, the largest shortsea network operator in Europe, in 2018 to complement existing business and provide further opportunities for growth.

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