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The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
On 25 October 2021, the Commission received a notification of a proposed concentration pursuant to Article 4 Council Regulation (EC) No 139/2004 (the "Merger Regulation").
Pursuant to a Share Purchase Agreement dated 29 June 2021, DP World, incorporated in the Dubai International Financial Centre, through its wholly-owned subsidiaries, DPWL FZE and DPWL BV will acquire sole control over syncreon, a company incorporated under the laws of the Netherlands.
DP World is 100% indirectly owned by Dubai World Corporation which in turn is wholly owned by the Government of Dubai.
(a) DP World is a multinational logistics company specialising in port terminal operations, maritime services, free trade zones and cargo handling and logistics services (i.e., discharging and loading of vessels and related activities). DP World operates worldwide. DP World is active in the provision of maritime transportation services for containerised goods in Northern Europe and the Mediterranean, through its Unifeeder division, in the operation of cargo and passenger ferries (through its P&O Ferries division), as well as in the provision of freight forwarding and logistics services (through its P&O Ferrymasters division). DP World's shipping, logistics and freight forwarding services are provided on a pan-European basis.
(b) Syncreon is active in the supply logistics industry and focuses on the design and operation of supply chain solutions primarily for customers active in the automotive and technology sectors. Syncreon's core solutions are (i) manufacturing support & assembly services, (ii) automotive export packing, (iii) fulfilment, e-commerce & value add solutions, (iv) reverse, repair & service parts, and (v) transportation management.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.