DP World, a leading multinational logistics firm based in Dubai, has completed the acquisition of Cargo Services Far East Ltd, a global supply chain provider headquartered in Hong Kong.
As a market leader in origin services, Cargo Services moves goods from the factory to the customer’s doorstep, with more than 2,500 people across Asia, Europe, South Africa, and the US. This milestone reinforces DP World’s position as a global logistics leader with a workforce of over 115,000 across 800 locations, expanding its freight forwarding network to more than 200 offices by year-end, covering a remarkable 95 percent of global trade flows.
Cargo Services, launched in 1989, is known for its expertise in retail and high-fashion logistics. The company offers tailored supply chain services for customers across the US, UK, Europe, South Africa, Australia, and New Zealand. Moreover, Cargo Services has diversified its offerings to include specialized cruise logistics, cementing its status as a versatile and innovative logistics partner.
DP World aims to revolutionize logistics for various industries such as automotive, chemicals, healthcare, perishables, retail and technology. The firms seeks to provide sector-specific solutions to drive efficiency, innovation and growth.
Sultan Ahmed bin Sulayem Group Chairman and CEO, DP World
“Cargo Services’ logistics expertise and global network perfectly complement our own footprint, and will be yet another tool in our offering to customers. Together, we’ll create a powerful force propelling trade globally. By combining our strengths — technology, a growing logistics portfolio and strategic infrastructure – with Cargo Services’ expertise and network , we will be able to offer unparalleled value to customers seeking to strengthen existing trade ties or enter new markets. We are very excited to welcome our new colleagues, as they join us on this pivotal step in our growth journey.”
John Lau, Group Managing Director of Cargo Services Group, stated that, “By joining DP World, we will gain access to extensive resources and expertise, allowing us to continue delivering top-tier freight-forwarding and logistics services that our customers demand. With a shared vision and strategy, I am confident that our respective teams will come together seamlessly to deliver growth.”
The acquisition is now officially complete. The next step is to ensure a seamless integration process, prioritizing operational continuity, and customers’ needs. Lau will play a major role by assuming a senior leadership position within DP World.
