Imres’ parent company Imperial announced today that it has entered into a transaction agreement regarding a cash offer from DP World to acquire all shares of Imperial.
DP World, a global infrastructure-led supply chain solutions provider with 136 business units in 61 countries across six continents, is interested in acquiring Imperial and all its businesses to expand its logistics footprint in Africa and Europe. Imperial's Logistics International business is within the scope of the offer and as such will not be sold separately under this proposed offer.
"This transaction will be value-enhancing for Imperial as our business will benefit from DP World's leading technology, global networks and key trade-lane volumes, while enabling us to build on our ‘Gateway to Africa' strategic and growth ambitions. Combining DP World's world-class infrastructure, specifically its investment and expertise in ports on the African and European continents, with Imperial's logistics and market access platforms will enable us to offer integrated end-to-end solutions along key trade lanes into and out of Africa driving greater supply chain efficiencies and ultimately enhancing value for all stakeholders," explains Mohammed Akoojee, Group CEO of Imperial.
DP World and its subsidiaries employ over 50,000 people across its worldwide operations and its vision is to drive economic growth through creating more efficient supply chains, connecting markets and offering innovative solutions to cargo owners, while ensuring a positive and sustainable impact on societies and the planet. DP World is focused on driving sustainable growth prioritising practices that have a positive impact on the people, communities, and environment in which it operates.
Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: "We are excited to announce the proposed acquisition of Imperial, which will add significant strategic value to DP World given its attractive footprint and strong logistics solutions capability. Imperial has a significant presence in Africa,
This transaction is still subject to Imperial shareholder approval and other customary completion conditions, including regulatory approvals. We will inform you at a later stage on the progress of the acquisition.