DP World acquires P&O Ferries for $421m
P&O Ferries is a pan-European integrated logistics business consisting of a market leading ro-ro ferries operation and a European transportation and logistics solutions provider. The ferry fleet consists of 21 vessels on the shortsea, North Sea and Irish Sea sectors across 11 ports, handling some 2.5m freight units a year, while P&O Ferrymasters provides supply chain solutions in 19 European locations
The acquisition is expected to be earnings accretive from the first full year of consolidation and is expected to meet DP World’s return targets
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