DP World has paid $1.2 billion for 100 percent of U.S. global logistics provider Syncreon.
Syncreon specializes in the design and operation of complex supply chains for the high-growth automotive and technology industries. The company provides specialized value-added warehousing and distribution solutions through a variety of manufacturing, export packaging, transportation management, reverse/repair and fulfillment services.
Syncreon services a large and diversified portfolio of customers made up of multinational companies. The group focuses on two key segments: large technology customers to enable ecommerce and omni-channel fulfilment and aftermarket services, and automotive companies for reception of materials, warehousing, inventory management, kitting/sequencing for line feeding, and export packaging. This is complemented by a growing presence serving customers in consumer goods, healthcare and industrial markets.
“Syncreon’s exposure to the sizable, fas
