Purchase of J&J Group Expands Dubai-Based Operator’s Reach on Continent
Imperial Logistics, a subsidiary of Dubai-based global port operator DP World, has got the go-ahead to acquire a 100 percent stake in Africa-based breakbulk mover, J&J Group.
DP World said the deal cemented its position as a “Gateway to Africa” for shipping cargo.
The purchase of a first tranche of shares of 51 percent was closed on 18 July, and will be followed by the acquisitions of the second and third tranches of 46.5 percent and 2.5 percent, respectively, DP World said.
J&J transports containerized, breakbulk, project and out-of-gauge cargoes between Mozambique, Zimbabwe, Zambia, South Africa, Malawi and the Democratic Republic of the Congo.
The company, headquartered in Beira, Mozambique, operates a fleet of flat-bed and drop-side trailers capable of moving up to 32 tonnes of breakbulk, such as bagged cargo, drums, cartons, steel and copper coils, timber and other commodities.
Imperial, one of Africa’s largest logistics providers, itself became a wholly owned business of DP World in March this year.
“This acquisition strengthens DP World’s position in Africa as an end-to-end logistics provider, by adding J&J’s significant presence along these key corridors in Africa – a market where trade is expected to grow at more than twice GDP driven by population growth, accelerated urbanisation and rising middle classes,” said Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World.
DP World operates a network of 295 businesses in 78 countries across six continents. The company’s UAE division operates Jebel Ali Port in Dubai – the Middle East’s busiest shipping destination with a handling capacity of 19.3 million TEUs.
The operator will be exhibiting at Breakbulk Middle East 2023, taking place on 13-14 February at the Dubai World Trade Centre in Dubai.
