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Dubai, UAE – DP World Australia, a subsidiary of DP World, announces it has entered into a binding Scheme Implementation Deed for the acquisition of 100% of the issued share capital of Silk Logistics Holdings Limited via a Scheme of Arrangementwith a cash offer of A$2.14 per share. The transaction values the equity of Silk Logistics at approximately A$174.5 million.
This transaction is subject to shareholder approval of Silk Logistics and standard closing conditions, including necessary regulatory approvals, and is expected to complete in the first half of 2025.
Silk Logistics is a comprehensive port-to-door logistics services provider which operates 21 logistics hubs and 25 warehousing sites across five Australian states. Silk Logistics partners with some of the world’s leading brands providing efficient and cost-effective services to a national customer base.
The Group operates two main business segments:
- Port Logistics: Seamless wharf cartage services between Australia’s major ports.
- Contract Logistics: Warehousing and multimodal distribution solutions to support complex supply chain needs.
DP World Australia is a subsidiary of DP World, a leading global transport and logistics company, handling approximately 10% of global containerised trade. DP World Australia operates four container terminals and three container parks -- at Brisbane, Sydney, Melbourne and Fremantle -- as well as inland distribution centres and warehouses.
Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: DP World’s acquisition of Silk Logistics marks a significant step forward in strengthening our integrated logistics capabilities and expanding our service offerings. This strategic move reinforces our commitment to providing seamless, end-to-end customised solutions for our customers, while delivering sustainable value for all our stakeholders.
Glen Hilton, CEO & Managing Director, Asia Pacific, DP World, said: “DP World Australia is excited about the opportunity to welcome Silk Logistics into our portfolio. This acquisition aligns with our strategy to deliver complimentary logistics solutions for a broad customer base across Oceania.
Combining DP World Australia’s terminal operations with Silk Logistics’ value add services enhances our capability to deliver enhanced solutions for customers.
For DP World media enquiries, please contact:
Adal Mirza
Group Vice President,
Media Relations
Adal.mirza@dpworld.com
Hakam Kherallah
Group Senior Manager,
International Media Relations & CEO Communications
Hakam.Kherallah@dpworld.com
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About DP World
Trade is the lifeblood of the global economy, creating opportunities and improving the quality of life for people around the world. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally.
With a dedicated, diverse and professional team of more than 115,000 employees from 160 nationalities, spanning 78 countries on six continents, DP World is pushing trade further and faster towards a seamless supply chain that’s fit for the future.
We’re rapidly transforming and integrating our businesses -- Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades.
What's more, we're reshaping the future by investing in innovation. From intelligent delivery systems to automated warehouse stacking, we’re at the cutting edge of disruptive technology, pushing the sector towards better ways to trade, minimising disruptions from the factory floor to the customer’s door.
WE MAKE TRADE FLOW
TO CHANGE WHAT'S POSSIBLE FOR EVERYONE.