DP World to acquire a 60% stake in UNICO Logistics.

DP World, the Dubai-based provider of worldwide smart end-to-end supply chain logistics, agreed to acquire a 60% stake in UNICO Logistics, a multimodal transport specialist. Financial terms were not disclosed. "DP World's vision is to become the leading end-to-end supply chain solutions provider. By integrating Unico into our worldwide network we will be able to offer better service to our customers in South Korea and beyond. These new services further strengthen our logistics capabilities, which we are combining with our maritime services operations and our worldwide network of ports and terminals," Sultan Ahmed Bin Sulayem, DP World Group Chairman and CEO.