Business & Investment

Syncleon acquired by DP World

DP World, a leading provider of global smart end-to-end supply chain logistics, has acquired 100% of Syncleon for a corporate value of US $ 1.2 billion. The transaction will be completed shortly, subject to normal closing conditions. In 2020, syncreon reported revenue of $ 1.1 billion, 57% in EMEA (mainly Europe) and 42% in North America.

DP World’s comprehensive products and services cover all links in the integrated supply chain, from offshore and inland terminals to marine services and industrial parks to technology-driven customer solutions. These services are delivered through an interconnected global network of 148 business units in 60 countries on six continents and have a significant presence in both high-growth and mature markets.

Regarding the deal, syncreon CEO Brian Enright said: “We are pleased to join the DP World Group because we believe that syncreon will benefit from the group’s key expertise in a wide range of supply chains and our excellent relationships with cargo owners. We are inefficient. We share our vision of serving our customers by removing and providing value-added solutions. After many years of great success, joining DP World brings our business to other markets. We are confident that we can bring it in and enhance our service to our customers. “

Sultan Ahmed bin Sreyem, Group Chairman and Chief Executive Officer of DP World, said: End-to-end solution for cargo owners.

syncreon established a base in Ireland after the acquisition of Walsh Western International. Headquartered in the United States, the company is globally located in 91 sites in 19 countries and serves a large and diverse customer portfolio of multinational corporations. This group focuses on two major segments. 1) For large technology customers enabling e-commerce and omni-channel fulfillment and aftermarket services, and 2) for kitting / sequencing of material receipt, warehousing, inventory management, line feeds and export packaging. Automobile company. This is complemented by a growing presence in serving customers in consumer goods, healthcare and industrial markets.

Syncleon acquired by DP World Syncleon acquired by DP World

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