DP World to acquire Silk Logistics for AUD175m.

DP World, a multinational logistics company based in Dubai, agreed to acquire Silk Logistics, a comprehensive port-to-door logistics services provider, for AUD175m. "DP World's acquisition of Silk Logistics marks a significant step forward in strengthening our integrated logistics capabilities and expanding our service offerings. This strategic move reinforces our commitment to providing seamless, end-to-end customised solutions for our customers, while delivering sustainable value for all our stakeholders," Sultan Ahmed Bin Sulayem, DP World Chairman and CEO.