DP World Australia signs deal to acquire 100 percent of Silk Logistics for A$174.5 million, expanding its logistics services in Oceania.
DP World Australia, a subsidiary of global logistics leader DP World, has entered into a binding agreement to acquire Silk Logistics Holdings for A$2.14 per share, valuing the transaction at approximately A$174.5 million. The deal, which requires approval from Silk Logistics’ shareholders and regulatory authorities, is expected to close by mid-2025.
Silk Logistics, a major Australian logistics provider, operates 21 logistics hubs and 25 warehousing sites across five states. Its services are divided into two segments: port logistics, which includes wharf cartage services, and contract logistics, providing multimodal distribution and warehousing solutions.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, highlighted that the acquisition would strengthen their integrated logistics capabilities, offering customised end-to-end solutions. DP World Australia CEO Glen Hilton also emphasised the strategic alignment of this acquisition with the company’s goal to enhance its logistics offerings across Oceania.
