Container terminal giant DP World has bought third-party logistics provider Syncreon in a deal valued at $1.2 billion. The transaction is expected to be complete by the second half of this year.
Container terminal giant DP World has bought third-party logistics provider Syncreon in a deal valued at $1.2 billion. The transaction is expected to be complete by the second half of this year. Syncreon provides logistics and distribution services for the global automotive and technology sectors, including transport, warehousing and packaging. DP World said it aimed to build on Syncreon’s strong connections in those sectors “to deliver greater scale and provide compelling value add supply chain solutions to cargo owners across a wider market”.
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