Silk Logistics Operates 21 Logistics Hubs and 25 Warehouses Across Five Australian States
DP World has acquired Australia-based port-to-door logistics provider Silk Logistics.
The deal, subject to shareholder and regulatory approval, values the company at A$174.5 million, or about US$113 million at current conversion rates. The deal is expected to close in the first half of 2025.
Port Melbourne-based Silk Logistics operates a network of 21 logistics hubs and 25 warehousing sites across five Australian states. It specializes in port logistics and contract logistics including warehousing and multimodal distribution solutions.
DP World Australia operates four container terminals and three container parks at Brisbane, Sydney, Melbourne and Fremantle, as well as inland distribution centers and warehouses.
DP World said bringing together those terminal operations with Silk Logistics’ value-added services would boost its ability to offer even better solutions for its customers.
“DP World Australia is excited about the opportunity to welcome Silk Logistics into our portfolio,” said Glen Hilton, CEO and managing director, Asia Pacific, DP World. “This acquisition aligns with our strategy to deliver complementary logistics solutions for a broad customer base across Oceania.”
Dubai-based DP World, host port for Breakbulk Middle East 2025, operates a network of 295 businesses in 78 countries across six continents. Its UAE division operates Jebel Ali Port in Dubai – the Middle East’s busiest shipping destination.
Read more: DP World Canada Showcases Breakbulk Capabilities
TOP PHOTO: DP World’s terminal facilities at Brisbane. CREDIT: DP World