Transworld Group has announced a strategic partnership with DP World and its subsidiary Unifeeder Group, with an aim to strengthen its position as a leading shipping and logistics conglomerate
Unifeeder, through its Unifeeder ISC platform, will acquire three business units of Transworld Group. These include Transworld Feeders FZCO, Avana Logistek Limited (including its subsidiary Avana Global FZCO) and Transworld Feeders Pvt Ltd. The acquisition is subject to regulatory approval.
Transworld Feeders FZCO and Avana Global FZCO are leading independent feeder and non-vessel operating common carriers (NVOCC) operators, offering container feedering services and regional trade solutions connecting a wide range of ports in the Middle East, Indian Subcontinent and Far East through their dense network. The central hub port at Jebel Ali (UAE) plays a pivotal role for a large part of the services. Both the companies have a strong presence within trade routes west of the Indian Subcontinent and complement the recent acquisition of Feedertech and Perma Shipping, which have a strong market position in the trade routes towards the east of the Indian subcontinent.
?The acquisition of three of our portfolio companies will provide DP World and Unifeeder ISC a robust platform to jointly deliver a more complete range of solutions to our customers. We are excited to be part of the DP World family and look forward to building on our continued legacy as a globally renowned independent shipping and logistics conglomerate,? according to Ramesh S. Ramakrishnan, chairman of Transworld Group and Shreyas Shipping and Logistics Limited.
Sultan Ahmed Bin Sulayem, group chairman and CEO, DP World, added, ?Our Unifeeder ISC (Indian Subcontinent) platform will continue to operate an asset-light, independent common-user platform, as we continue to build the Unifeeder brand, which is best known for efficient connectivity, flexibility and reliability.?