Antitrust authorities approve Hapag-Lloyd/DAL acquisition agreement


Antitrust authorities approve Hapag-Lloyd/DAL acquisition agreement

Worldwide antitrust authorities have approved the acquisition deal between Hapag-Lloyd and Deutsche Afrika-Linien (DAL), which have already signed the framework agreement in March 2022.

Therefore, German shipping company Hapag-Lloyd today (1 June) closed the acquisition of the container liner business of its compatriot carrier Deutsche Afrika-Linien (DAL).Rolf Habben Jansen, CEO of Hapag-Lloyd, expects DAL's acquisition to support Hapag-Lloyd to further grow in Africa. "We will now fully integrate the DAL’s container liner activities into our business,” he said.

DAL is an established liner shipping company for the transportation of containerized cargo and operates with four liner services between Europe, South Africa and the Indian Ocean. Headquartered in Hamburg, the Africa expert is represented with its own offices in Germany and South Africa, as well as through third-party agents in 47 countries worldwide. Their liner business (including agencies) employs more than 150 people. DAL owns a 6,589 TEU container ship and operates a container fleet of around 17,800 boxes (owned and leased), which will be taken over as part of the acquisition.

According to a statement, the integration will be moving swiftly, and full commercial integration is expected to be completed by the fourth quarter of 2022. In 2021, Hapag-Lloyd also acquired Africa-specialized carrier Nile Dutch to strengthen its 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," noted the Hamburg-based container carrier.