- Deal completed between the parties after approval by worldwide antitrust authorities.
- Acquisition supports Hapag-Lloyd’s strategy to further grow in the South African market.
After signing a framework agreement in March 2022, Hapag-Lloyd completed the acquisition of German carrier Deutsche Afrika-Linien (DALcontainer )’s liner division today as reported by Hapag-Llyod.
Approval of transaction
In advance, the transaction had been approved by all responsible antitrust authorities.
“We are very pleased with the closing of the transaction and looking forward to welcoming the DAL colleagues,” says Rolf Habben Jansen, CEO of Hapag-Lloyd.
Particularly for the service offering from and to South Africa, DAL is a valuable addition, allowing Hapag-Lloyd to offer their customers a better network and additional port coverage in this region.
With its long history, DAL is an established liner shipping company for the transportation of containerised cargo and operates with four liner services between Europe, South Africa and the Indian Ocean.
Commercial integration
Their liner business (including agencies) employs more than 150 people.
The integration will be moving at a swift pace, and full commercial integration is expected to be completed by the fourth quarter of 2022.
In 2021, Hapag-Lloyd acquired the Africa-specialised carrier NileDutch, which significantly strengthened the carrier’s presence and service offering to and from West Africa. This growth-oriented strategy was also underlined by several new office openings in Africa in 2021 and 2020.
Did you subscribe to our newsletter?
It’s free! Click here to subscribe!
Source: Hapag-Llyod
