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21 September 2020 The on-line newspaper devoted to the world of transports 19:54 GMT+2

December 3, 2019

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Original news
DP World increases own presence in the field of the line services feeder acquiring the control of the Feedertech

It will buy 77% of the vital one through the Unifeeder

With the acquisition of the control of the Feedertech Group of Singapore the terminalista group DP World of Dubay confirmation own strategy turns to support and to promote the activity of own container terminal joining as operating head physician in the market of marine services feeder, strategy already evidenced with the acquisition capacity to term last year of the entire capital of the company of Unifeeder navigation(on 6 December 2018).

Today the Middle Eastern group has announced that, own through the Unifeeder, it has bought 77% of the capital of the Feedertech Group, than work services feeder with the marks Feedertech and Perma, transaction that is previewed will be capacity to term within the first trimester of the next year and will have an inferior value to 121 million dollars, that is less of 1% of net the asset value of DP World on 30 June. The group of Dubay has specified that remaining 23% of the capital of Feedertech will remain to the marine entrepreneur Ali G. Maghami, founder and president of the Feedertech and manager of the Simatech Shipping of Dubay and the same Perma Shipping Line of Singapore.

"When we acquired Unifeeder - it has explained the president and managing director of DP World, Ahmed Bin Sulayem - we asserted that we would have created added value using the managerial competences of Unifeeder in order to reply to this model of business asset light in other geographic areas and this transaction constitutes the first phase of this process of value creation. Now the Unifeeder will be able to offer to regional connections feeder and short-sea in North Europe, the Mediterranean, North Africa and now Asia and Indian subcontinent. Our objective is to safeguard the independent platform meanwhile common-user reducing inefficiencies in order to offer to all our customers more complete logistic solutions".

"This - the managing director of Unifeeder has confirmed, Jesper Kristensen - is another strategic step in our vision of having a total presence, offering a net wider than solutions to the customers and to take advantage of the way in which we interact with they in order to create solutions more complete and integrated in more geographic areas".

The Feedertech Group, that it is instituted in 2003, has 290 dependent in 23 nations and its services of line touch 50 ports in Asia, Middle East, Africa and Indian subcontinent. The annual turnover of the society piles to beyond 100 million dollars and the containerized cargo volume transported from the fleet of the group is pairs than more 600 thousand teu.

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