Lubbers Logistics buys majority stake in Uniworld Logistics Singapore
Lubbers Logistics Group is expanding into Asia with the acquisition of a majority stake in Uniworld Logistics Singapore, effective June 1st, 2019. With the expansion, Lubbers wants to strengthen its position in the global energy markets.
Uniworld Singapore will become part of Lubber’s global freight network, but will also remain the representation of the Uniworld Logistics Group with its headquarters in India. As per June 1st, the brand name of the company will be changed into Lubbers Uniworld Global Freight Singapore. The parties did not disclose the value of the agreement.
With the acquisition, Lubbers is expanding its services into the Asian market adding new trade lanes to its portfolio. The Dutch logistics provider specializes in the energy sector, offering services like relocation of offshore platforms and pipeline projects next to its normal logistical services.
In the coming period, the Singapore office will be completely integrated into Lubbers’ network, connecting it to its IT-systems and incorporating its reporting systems and procedures. The new office will be managed by Steven Slim, who will become Lubbers’ Regional Director for the APAC-region. Slim brings with him 20 years of experience managing logistics providers with a focus on the oil and gas markets.
Ger Engelsman, CEO of Lubbers Logistics Group, said: “With this acquisition, we are taking an important step in our ambition to establish a worldwide network with a focus on the energy sector and to grow our business. We are very proud of our cooperation with Uniworld and we’re certain this will create new possibilities for our customers.”
Prem Kumar, CEO of Uniworld Logistics Group, added: “We will keep a minority share in the new company and the office will remain a full part of the Uniworld network. We will not only maintain our position in Asia and the Indian subcontinent but also strengthen it. The cooperation with Lubbers brings us experience and expertise in the energy industry, as well as new customers to the APAC-region.” Uniworld Logistics Group has 30 offices in 7 countries and offers logistical solutions to over 500 destinations worldwide.