M&A Deal Summary

DP World Acquires Cargo Services

On September 2, 2024, DP World acquired transportation company Cargo Services from Toll Holdings

Acquisition Highlights
  • This is DP World’s 5th transaction in the Transportation sector.
  • This is DP World’s 1st transaction in China.

M&A Deal Summary
Date 2024-09-02
Target Cargo Services
Sector Transportation
Buyer(s) DP World
Sellers(s) Toll Holdings
Deal Type Divestiture

Target

Cargo Services

Hong Kong, China
Cargo Services is a foreign logistics service provider that offers extensive portfolio of solutions such as origin purchase order management, ocean freight, air freight, and warehousing for a diverse range of sectors. This includes sophisticated supply chain management services for retail and high-fashion customers in the US, UK, Europe, South Africa, Australia and New Zealand. Cargo Services was formed in 1989 and is based in Hong Kong.

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Buyer(S) 1

Buyer

DP World

Dubai, United Arab Emirates
Category Company
Sector Transportation
Revenue 7.1B USD (2019)
DESCRIPTION

DP World is a global operator of container and marine terminals with a network of more than 65 terminals spanning six continents. DP World’s comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions. DP World is based in Dubai, UAE.

DEAL STATS #
Overall 10 of 10
Sector (Transportation) 5 of 5
Type (Divestiture) 2 of 2
Country (China) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-19 CFR Rinkens

Long Beach, California, United States

CFR Rinkens is an automotive logistics service provider with expertise in containerized finished vehicles, semi-knock-down vehicle logistics, and logistics services for the emerging energy storage and battery life cycle industries. CFR Rinkens was founded in 1994 and is based in Long Beach, California.

Buy -

Seller(S) 1

SELLER

Toll Holdings

Melbourne, Australia
Category Company
Founded 1888
Sector Transportation
Revenue 8.8B AUD (2014)
DESCRIPTION

Toll Holdings Ltd. operates an extensive global logistics network across 1,200 locations in more than 50 countries. The company provides a diverse range of transport and logistics solutions covering road, air, sea, and rail to help customers meet their global supply chain needs. Toll Holdings was formed in 1888 and is based in Melbourne, Australia.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 2 of 2
Type (Divestiture) 2 of 2
Country (China) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 Toll Global Express

Melbourne, Australia

Toll Global Express is a highly diversified transportation and logistics business with an unparalleled network across Australia and New Zealand. Toll Global Express is based in Melbourne, Australia.

Sell -
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