DP World Australia, a subsidiary of DP World, announces it has entered into a binding Scheme Implementation Deed for the acquisition of 100 per cent of the issued share capital of Silk Logistics Holdings Limited via a Scheme of Arrangement with 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 be completed in the first half of 2025.
Silk Logistics is a comprehensive port-to-door logistics services provider that operates 21 logistics hubs and 25 warehousing sites across five Australian states. It 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 operates four container terminals and three container parks – at Brisbane, Sydney, Melbourne and Fremantle, as well as inland distribution centres and warehouses.
DP World’s acquisition of Silk Logistics marks a significant step forward in strengthening our integrated logistics capabilities and expanding our service offerings, says Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World.
“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.”
“This acquisition aligns with our strategy to deliver complimentary logistics solutions for a broad customer base across Oceania,” says Glen Hilton, CEO & Managing Director, Asia Pacific, DP World.
Combining DP World Australia’s terminal operations with Silk Logistics’ value add services enhances our capability to deliver enhanced solutions for customers.