The DP World-owned Unifeeder Group, through its Unifeeder ISC platform, announced the acquisition of three business units of the Dubai-based Transworld Group.
Unifeeder will buy Transworld Feeders FZCO, Avana Logistek Ltd and Transworld Feeders Pvt Ltd (the containerised Indian coastal and EXIM feeder shipping operations of Shreyas Shipping and Logistics Ltd, excluding vessels and bulk operations).
Avana Logistek and its affilliate Avana Global FZCO cover 60 ports, whereas Transworld Feeders and Shreyas Shipping and Logistics cover 53 ports. The acquisition will boost Unifeeder’s presence in the region complementing the feeder network of Feedertech and the logistics activities of Perma Shipping in which it bought a 77% stake in late 2019.
This deal is another strategic step for DP World, in line with its vision to become an end-to-end supply chain solutions provider. Sultan Ahmed Bin Sulayem, group chairman and CEO, DP World, commented: “These bolt-on acquisitions give us complete coverage in fast-growing markets between East Africa, Gulf, and the wider Indian Subcontinent.
” Transworld Feeders and Avana are both strong and well-known brands that handle approximately 1.2mn TEU per annum and operate in fast-growing markets. Our Unifeeder ISC (Indian Subcontinent) platform will continue to operate an asset-light, independent common-user platform, as we continue to build the Unifeeder brand, which is best known for efficient connectivity, flexibility, and reliability,”