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Another well -known freight forwarder was acquired by the giant!

  • Author:weiyun.com
  • Source:weiyun.com
  • Release Date:2024-09-03
On September 2nd, Dubai Global Port Group (DP World) said in its official website announced that DP World has completed the acquisition of Cargo Services Far East LTD, a well -known cargo generation logistics company in Hong Kong.

DP World said that the acquisition enhanced DP World's ability to provide customers with end -to -end solutions, and DP World entered retail and fashionable logistics.


Cargo Services is a global supply chain supplier headquartered in Hong Kong. It is a market leader that can transport the goods directly from the factory workshop to the customer's door.There are more than 2,500 employees in Greater China, Asia, Europe, South Africa and the United States.

With the realization of this important milestone in this acquisition, DP World currently has more than 115,000 employees in more than 800 locations around the world.By the end of this year, it will operate more than 200 freight agency offices, covering 95%of the world's trade flow.

It is understood that before the transaction, Jiahong Haiyun was directly held by Jiahong Holdings. Jiahong Logistics held 75%of the equity of Jiahong Sea Yun and held 25%of the equity of Takuke.After this transaction, Jiahong Shipping Group will be controlled by Dubai Global Port Logistics separately, and will be indirectly controlled by Dubai Global Port Group Co., Ltd. ("Dubai Global Hong Kong Affairs").
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DP World Chairman and CEO (Sultan Ahmed Bin Sulayem) said: "Cargo Services' logistics expertise and global network perfectly supplement our business coverage and will become another tool for our services to serve our customers. We will be another tool for our customers.Together, we will create a strong force to promote global trade.Market customers provide unparalleled value. We are very happy to welcome our new colleagues to join us and take a key step in our growth journey. "

John Lau, managing director of Cargo Services, agrees with this and emphasizes the benefits of cooperation: "By joining the DP World Group, we will obtain extensive resources and professional knowledge so that we can continue to provide customers with top freight agents and logistics required by customersService.


The acquisition process has been officially completed and plans to be comprehensively integrated in the next few months.The merged team will integrate all necessary resources to ensure the smooth integration process, give priority to operating continuity, and meet customer needs.

In order to ensure seamless transition, John Lau will continue to stay in DP World Group and hold the company's senior leadership position.


Today, with the changes in the market, freight forwarding logistics companies are facing new challenges. Port operators, shipping companies, etc. have entered the bureau's goods market. Cargo generation logistics companies are facing new challenges and the increasing integration trend has also been testing.ability...