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AARHUS, Denmark: August 07, 2018. Shortsea and European feeder operator Unifeeder has been sold by private equity investor Nordic Capital to DP World for an enterprise value of €660 million.

Founded in 1977, Unifeeder operates approximately 60 short- term chartered vessels, carrying around 3.2 million TEUs and performing some 12,000 port calls annually.

Unifeeder 1. jpgThe company’s feeder services transport containers from large European hubs to regional ports on behalf of major deep-sea shipping lines; and its shortsea business provides door- to-door transport of full-load containers across Europe in combination with third party road or rail logistics operators.

Nordic Capital acquired Unifeeder in 2013 and has since supported the company in growing its network to encompass more than 100 ports in Northern and Western Europe, the Mediterranean, Black Sea, North Africa and the Middle East.

“Under Nordic Capital’s ownership, Unifeeder has grown to become the largest independent pan-European feeder and growing shortsea operator with the industry’s best-connected network,” declared CEO Jesper Kristensen. “Nordic Capital has been instrumental in supporting the company during this development in the spirit of a true partnership,” he added.

Reporting revenues of €510 million in 2017, Unifeeder says it will continue to operate as a fully independent company with its existing management and 400-plus employees.

“The ever-growing deployment of ultra-large container vessels has made high-quality connectivity from hub terminals crucial for our customers and Unifeeder is a best-in-class logistics provider in this space with a strong reputation in Europe,” commented DP World chairman and CEO Sultan Ahmed Bin Sulayem. “Our aim is to leverage on the in-house expertise of Unifeeder and to accelerate growth in this scalable platform to deliver value for all stakeholders,” he said.

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