DP World completed the acquisition of Cargo Services Far East.

DP World, a logistics company, completed the acquisition of Cargo Services Far East, a global logistics solutions provider. Financial terms were not disclosed. “Cargo Services' logistics expertise and global network perfectly complement our own footprint, and will be yet another tool in our offering to customers. Together, we'll create a powerful force propelling trade globally. By combining our strengths -- technology, a growing logistics portfolio and strategic infrastructure – with Cargo Services' expertise and network , we will be able to offer unparalleled value to customers seeking to strengthen existing trade ties or enter new markets. We are very excited to welcome our new colleagues, as they join us on this pivotal step in our growth journey," Sultan Ahmed bin Sulayem, DP World Group Chairman & Chief Executive Officer.