M&A Deal Summary

DP World Acquires CFR Rinkens

On October 19, 2023, DP World acquired transportation company CFR Rinkens

Acquisition Highlights
  • This is DP World’s 4th transaction in the Transportation sector.
  • This is DP World’s 1st transaction in the United States.
  • This is DP World’s 1st transaction in California.

M&A Deal Summary

Date 2023-10-19
Target CFR Rinkens
Sector Transportation
Buyer(s) DP World
Deal Type Add-on Acquisition

Target

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.

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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 9 of 10
Sector (Transportation) 4 of 5
Type (Add-on Acquisition) 8 of 8
State (California) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-25 Imperial

Bedfordview, South Africa

Imperial is an African focused provider of integrated market access and logistics solutions. Imperial focuses on the following industries, healthcare, consumer, automotive, chemicals, industrial and commodities. Imperial seeks out to leverage new technology to deliver innovative, end-to-end solutions for customers. Imperial is based in Bedfordview, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-02 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.

Buy -