DP World has successfully completed the acquisition of Cargo Services
Far East Ltd, a leading global supply chain provider headquartered in
Hong Kong.

Cargo Services, known for its expertise in origin services, excels in
transporting goods from the factory floor directly to the customer’s
door. The company employs over 2,500 people across Greater China, Asia,
Europe, South Africa, and the United States.

This acquisition marks a significant milestone for DP World, expanding
its global workforce to over 115,000 employees across 800 locations. By
the end of the year, DP World plans to operate more than 200 freight
forwarding offices, covering up to 95% of global trade flows.

Founded in 1989, Cargo Services was one of the first foreign logistics
service providers to enter the China market. Over the years, it has
built a comprehensive portfolio of services, including origin purchase
order management, ocean and air freight, and warehousing.

The company’s expertise extends across various sectors, offering
sophisticated supply chain management solutions for retail and high-
fashion clients in the US, UK, Europe, South Africa, Australia, and New
Zealand. Cargo Services has also broadened its offerings to include
specialized cruise logistics services worldwide.

DP World is strategically focused on developing tailored logistics
solutions for industries such as automotive, chemicals, healthcare,
perishables, retail, and technology. The aim is to create comprehensive,
sector-specific services that drive efficiency, innovation, and growth.

Sultan Ahmed bin Sulayem, Group Chairman & CEO of DP World, expressed
enthusiasm about the acquisition: “Cargo Services’ logistics expertise
and global network perfectly complement our own footprint and will
enhance our value proposition to customers. Together, we will form a
powerful force driving global trade.

“By combining our strengths in technology, logistics, and strategic
infrastructure with Cargo Services’ expertise, we will deliver
unparalleled value to customers seeking to strengthen existing trade
ties or explore new markets. We are thrilled to welcome our new
colleagues as they join us on this pivotal step in our growth journey.”

John Lau, Group Managing Director of Cargo Services Group, shared
similar sentiments: “Joining DP World allows us access to extensive
resources and expertise, enabling us to continue providing the top-tier
freight-forwarding and logistics services our customers expect. With a
shared vision and strategy, I am confident that our teams will
seamlessly collaborate to drive growth.”

With the acquisition now officially complete, plans for full integration
are set to unfold in the coming months. The combined team will
prioritize operational continuity to ensure a smooth transition and
continued service excellence for customers.

To ensure a seamless integration, John Lau will remain with the
business, assuming a senior leadership position within DP World.