DP World completes acquisition of Hong Kong’s Cargo Services

Hong Kong-headquartered Cargo Services specialises in origin services and. employs over 2,500 people in Greater China and across Asia, Europe, South Africa and the US. 

Following the acquisition the end of the year, DP World will operate more than 200 freight forwarding offices, covering up to 95% of global trade flows. 

Founded in 1989, Cargo Services was one of the earliest foreign logistics service providers to enter the China market. Over the decades, it has established an extensive portfolio of solutions such as origin purchase order management, ocean freight, air freight and warehousing for a diverse range of sectors.

“Cargo Services' logistics expertise and global network perfectly complement our own footprint, and will be yet another tool in our offering to customers. Together, we'll create a powerful force propelling trade globally. By combining our strengths -- technology, a growing logistics portfolio and strategic infrastructure – with Cargo Services' expertise and network , we will be able to offer unparalleled value to customers seeking to strengthen existing trade ties or enter new markets,"  said Sultan Ahmed bin Sulayem, Group Chairman & Chief Executive Officer, DP World.

“By joining DP World, we will gain access to extensive resources and expertise, allowing us to continue delivering top-tier freight-forwarding and logistics services that our customers demand,” commented John Lau, Group Managing Director of Cargo Services Group.

The acquisition process is officially complete, with plans for full integration over the next few months.

Related:BII invests in DRC's deepwater container port with DP World