Dubai-based DP World is set to snap up a 58% stake in Turkey’s Evyap Port as part of a planned strategic equity partnership between DP World Yarimca Port and Evyap Group, according to a statement. The partnership between DP World Yarimca Port and Evyap Port will see the Turkish port renamed DP World Evyap Port. The completion of the transaction is contingent upon regulatory approval, the statement adds. No details on the expected timeline or financials were provided.

Who’s going to own what: DP World will hold a 58% stake in Evyap Port, while Evyap Group will own 42% of DP World Yarimca.

The potential upsides: The partnership is poised to improve trade infrastructure by boosting container port facilities as well as enhance efficiencies in the key Marmara gateway market. It will also look to ameliorate Turkey’s supply chain solutions while enhancing productivity. Turkish trade will see enhancement through better productivity, lower turnaround times, increased security, and wider service offerings.

IN OTHER M&A NEWS-

Dubai-based maritime software company Marcura has signed an agreement to acquire online procurement system ShipServ, Marcura said yesterday. The merger of the two companies will “serve a combined customer base of 800 blue-chip maritime customers and a network of 47k maritime suppliers globally,” Marcura said. The value of the transaction, which is set to be finalized “within weeks,” has not been disclosed.

What they said: “The combination of Marcura and ShipServ creates an industry-leading vertical software, data, payments and procurement platform focused on the maritime sector,” Marcura Group CEO Jens Poulsen said.

Background: Marcura previously sold its recap and charter party management platform MarDocs to Clarksons’ software spin-off Sea in early 2023.

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