DP World’s Imperial Logistics mulls acquisitions to enter Egypt, Angola markets
Imperial Logistics, part of Dubai ports giant DP World, is considering new acquisitions to enter new markets including Egypt and Angola, a senior official announced on Tuesday.
The company has become fully owned by DP World in March this year.
Edwin Hewitt, chief executive of Imperial Logistics for Logistics in Africa, told The Africa Report on Tuesday that the company might be involved in “some kind of acquisitive growth” in the two countries.
Imperial Logistics might be involved in “some kind of acquisitive growth” in the two countries, Hewitt added.
“The work has started” in terms of defining a strategy for Imperial Logistics’ growth, he added, giving no timeframe for new market entry.
DP World runs nine ports and terminals in eight African countries; namely Egypt, Algeria, Angola, South Africa, Mozambique, Rwanda, Senegal, and Somaliland. Imperial aims to leverage that network to expand the range of corridors in which it offers logistics solutions.