DP World Australia, a subsidiary of the global logistics giant DP World, has announced its acquisition of Silk Logistics Holdings Limited in a transaction valued at approximately A$174.5 million. Through a Scheme Implementation Deed, DP World Australia will acquire 100% of Silk Logistics’ issued share capital at a cash price of A$2.14 per share. This deal underscores DP World’s strategic efforts to solidify its footprint across the Australian logistics landscape.
The proposed acquisition is subject to Silk Logistics shareholder approval, alongside regulatory clearance and other closing requirements, with finalization expected in the first half of 2025. Once completed, the acquisition will enable DP World Australia to integrate Silk’s broad logistics network and warehouse services, adding a new layer of service capacity to its Australian operations.
Silk Logistics operates across 21 logistics hubs and 25 warehouses, providing extensive port-to-door logistics across five Australian states. It offers two primary service lines that will complement DP World Australia’s existing offerings: Port Logistics—specializing in smooth wharf-to-customer cartage services, and Contract Logistics—focused on warehousing and multimodal distribution solutions. Together, these segments support a national client base, including some of the world’s top brands, with efficient, end-to-end logistics solutions.
DP World Australia currently operates four container terminals in Brisbane, Sydney, Melbourne, and Fremantle, along with three container parks and multiple distribution centers across Australia. The acquisition of Silk Logistics aligns well with DP World’s goal of establishing comprehensive logistics networks across Oceania, enabling it to offer seamless, integrated services that bridge terminal operations and customer-centric warehousing solutions.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, expressed enthusiasm for the move, stating that the acquisition of Silk Logistics would “strengthen our integrated logistics capabilities and expand our service offerings.” He emphasized DP World’s commitment to “delivering sustainable value for all stakeholders,” highlighting the importance of integrated solutions in an increasingly complex supply chain environment.
Glen Hilton, CEO & Managing Director for DP World Asia Pacific, echoed this sentiment, noting that Silk’s services align well with DP World Australia’s objectives of providing complementary logistics options across the region. “This acquisition enhances our capability to deliver enriched solutions for customers,” Hilton said, underscoring the anticipated synergies between DP World’s robust terminal operations and Silk’s warehousing and distribution expertise.
This acquisition positions DP World Australia to meet growing demand for comprehensive supply chain solutions, as the integration of Silk Logistics into its portfolio will allow DP World to offer end-to-end service across a wider range of logistics needs. By adding Silk’s assets and operational expertise to its network, DP World Australia can support a broader spectrum of logistical demands for its customers, further cementing its standing in the region’s competitive logistics market.
