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DP World acquires Peru’s Cosmos Agencia Maritma for $315.7m

DP World acquires Peru’s Cosmos Agencia Maritma for $315.7m
CAM owns two logistics units
DP World
DPW
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Dubai - Mubasher: DP World announced on Sunday the acquisition of Peru’s Cosmos Agencia Maritma (CAM) for $315.7 million.

CAM owns two logistics units, Neptunia and Triton Transport, which offer end-to-end solutions to its customers, the Dubai-based ports operator revealed.

“We are delighted to add CAM into the DP World portfolio and this acquisition supports our recent strategy of extending our core business into complementary sectors,” DP World’s Group Chairman Sultan Ahmed Bin Sulayem said.

CAM also owns a 50% stake in Terminales Portuários Euroandinos in the Peruvian Port of Paita, the second largest container terminal in the Latin American Nation.  

“The addition of CAM will allow us to offer improved solutions to our customers and the option of alternative container capacity,” Bin Sulayem commented.