DP World acquired majority stake in TIS Container Terminal
DP World, the world-leading ports operator, has agreed to acquire a majority of 51% in TIS Container Terminal in the Port of Pivdenny.
Andrey Stavnitser, TIS co-owner and SD Capital founding partner, claims this transaction one of the five biggest M&A deals ever accomplished in Ukrainian Infrastructure sector.
He also pointed out that DP World will bring its best practices, innovations and IT-solutions to the Terminal. "DP World stands for best in class customer-oriented solutions. This will allow us to focus further on operational excellence as well as unlock value in new fields, as intermodal and industrial parks. The leader of the global market is entering Ukraine, so our country becomes a foothold for DP World in Europe."
The transaction has been executed by SD Capital Investment Company.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: "We are delighted to extend our Ukraine footprint further with this venture and we are excited about the significant growth potential of the terminal. Our goal is to build the industry's leading data-driven supply chain solutions through our global portfolio and provide a tremendous opportunity for our customers to realise the game-changing value and accelerate their cargo deployments. We believe the strategic partnership with TIS Group will enable the terminal to continue to grow and further cement TIS Container Terminal’s position as the leading gateway to Ukraine."
Philipp Grushko, SD Capital founding partner, adds that this acquisition will significantly contribute to Ukrainian logistics. "A country, where DP World operates, is an important player for the global market. The benefits of this deal will be felt not only by its immediate parties but by the whole industry. It’s a quality seal for the country’s investment climate and a promise for further growth."
Container handling is the company’s core business and generates more than half of its revenue. In 2019, DP World handled 71.2 mln TEU.
