DP World Australia will acquire Silk Logistics Holdings Limited by offering A$2.14 per share in cash.
The deal, worth around A$174.5 million, will be completed through a Scheme of Arrangement.
The deal requires approval from Silk Logistics shareholders, regulatory clearances, and standard closing conditions. It is expected to be finalized in the first half of 2025.
Why does this matter? DP World, acquiring Silk Logistics could extend its logistics network and services in Australia, making it a stronger player in the region.
Silk Logistics’ warehouse operations in Australia
Silk Logistics provides end-to-end services, operating 21 logistics hubs and 25 warehouses across five Australian states. It partners with leading global brands to deliver efficient, cost-effective solutions to customers nationwide.
The company focuses on two key areas:
- Port logistics: Offering smooth transport services between Australia’s major ports.
- Contract logistics: Providing warehousing and multimodal distribution to meet complex supply chain demands.
Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World says: “This strategic move reinforces our commitment to providing seamless, end-to-end customized solutions for our customers, while delivering sustainable value for all our stakeholders.”
DP World’s logistics operations
In September, the company revealed it will enter the retail and fashion logistics space.
This followed its acquisition of Cargo Services Far East Ltd., a global supply chain provider headquartered in Hong Kong.
Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, says Cargo Services’ logistics expertise and global network perfectly complement the company’s footprint.
Last month, DP World announced a $1.3bn expansion of London Gateway to become the UK’s largest container port within five years, boosting international trade.
The expansion includes two new shipping berths, bringing the total to six, capable of handling the world’s largest container ships. A second rail terminal will also be added to manage the expected rise in container traffic.
By the end of the decade, the 2.5km quayside will be able to handle six ships at once, each over 400 meters long, and feature Europe’s tallest quay cranes, as tall as Big Ben.
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About the author
Sharl is a qualified journalist. He has over 10 years’ experience in the media industry, including positions as an editor of a magazine and Business Editor of a daily newspaper. Sharl also has experience in logistics specifically operations, where he worked with global food aid organisations distributing food into Africa. Sharl enjoys writing business stories and human interest pieces.
