DP World to acquire majority stake in South Korea's Unico Logistics Co. LtdChristian Fernsby ▼ | August 5, 2020
DP World, the Dubai based provider of worldwide smart end-to-end supply chain logistics, has agreed to acquire a 60 per cent shareholding in UNICO Logistics Co. Ltd.
Unico DP World
Topics: DP World Unico
Established in 2002 by H.J. Park and headquartered in South Korea, UNICO has a global footprint of 25 subsidiaries in 20 countries and is one of the largest independent NVOCC (Non-Vessel Operating Common Carrier) in South Korea.
UNICO is a multimodal transport specialist with strong market position in the fast-growing transcontinental rail freight market between East-Asia and Central-Asia and Russia, in particular on the strategically important Trans-Siberian Railway (TSR) and Trans China Railway (TCR).
The acquisition is in line with DP World's global strategy to grow as a smart supply chain solutions provider and will provide a platform to drive synergies between UNICO and DP World operations in the Asia Pacific and European regions, while also continuing the expansion of logistics capabilities within DP World's portfolio.
In addition, UNICO's expertise in handling automotive logistics is aligned with DP World's strategic focus on this sector. ■