DP World today announced it has agreed to acquire US-headquartered contract logistics operator syncreon for $1.2bn.
The deal, which is subject to customary completion conditions and is expected to close before the year-end, will see the Dubai-headquartered terminal operator continue its expansion into 3PL and 4PL services.
Sultan Ahmed Bin Sulayem, DP World group chairman and CEO, said: “We are delighted to announce the acquisition of syncreon, which adds significant strategic value …
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Source: The Loadstar