According to Al Bayan, the deal is expected to be completed in the last quarter of 2020 after obtaining the necessary regulatory approvals, in what represents a new strategic step towards achieving the vision of Dubai Ports Al Alamiah provides an integrated network of services that connect directly to the end customers and owners of merchandise, as part of its continuous effort to get rid of shortcomings in supply chains and accelerate the pace of commercial growth.
Uniko, which is headquartered in South Korea, was founded in 2002 by H.V. Ing. Park, and the company has a wide global presence thanks to its twenty branches spread in 20 countries, and is currently one of the largest independent companies in South Korea in the category of sales agents, packing and transporting containers to ports (NVOCC).
The company has proven its worth in the field of multimodal transport, and it has a strong presence in the rail transport market between the regions of East and Central Asia and Russia, specifically the trans-railways of Siberia and Sikk Iron Trans-China, two regions of strategic importance.
This acquisition comes within the framework of the strategic objectives of DP World to be one of the largest providers of smart solutions for supply chains in the world, and is expected to lead to the strengthening of cooperation between the two companies in Europe And the Asia Pacific region, as well as increasing the logistical capabilities of DP World. DP World will also benefit from Unico's experience in the field of car shipping, especially as this sector is receiving strategic attention from the company.
Commenting on this acquisition, Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, said: DP World aspires to become a leading provider of integrated supply chain solutions. There is no doubt that the integration of Unico in our global network will help us to improve the services we provide to our customers in South Korea and other markets, in addition to enhancing our logistical capabilities, along with the various marine services we provide and our global network of ports and container terminals.
For his part, H.V. Ing. Park, President and CEO of Unico: Unico has achieved remarkable growth over the past years, and we are proud of this great success that we have achieved, and we believe that our partnership with DP World will enable us to reach a new level of growth. As part of the DP World network, we will be able to achieve greater development by benefiting from the Group's close relationships with end-customers and from its extensive global network, and together we look forward to further prosperity in the future.
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