Well-known terminal operator, DP World, has completed the acquisition of Cargo Services Far East, a Hong Kong-based supply chain provider. Cargo Services is involved in origin services, or in other words, moving goods from the factory floor to the customer’s door. It employs over 2,500 people in China and across Asia, Europe, South Africa, and the US.
The Dubai-based operator now has more than 115,000 employees, spread over 800 locations globally. By the end of the year, it will operate more than 200 freight forwarding offices, covering up to 95% of global trade flows.
Founded in 1989, Cargo Services was one of the earliest foreign logistics service providers to enter the China market. It established an extensive portfolio of solutions such as origin purchase order management, ocean freight, air freight, and warehousing for a diverse range of sectors. It has also expanded its portfolio to provide specialised cruise logistics services globally.
The acquisition process is officially complete, with plans for full integration over the next few months. To ensure a seamless transition, the managing director of Cargo Services Group, John Lau will remain with the business and assume a senior leadership position within DP World. “By joining DP World, we will gain access to extensive resources and expertise, allowing us to continue delivering top-tier freight-forwarding and logistics services that our customers demand,” Lau said.
