DP World unit takes control of NACC: DP World subsidiary P&O Maritime Logistics closed the acquisition of a controlling stake in Swiss-logistics firm NovaAlgoma Cement Carriers (NACC) after receiving all regulatory approvals, according to a statement released on Thursday. The acquisition, which was first announced in July, does not include NACC’s JVs in Northern Europe, Greece, and Indonesia. The transaction value was not disclosed.

Bigger picture: The transaction expands DP World’s footprint in breakbulk and dry-bulk logistics, adding cement transport operations across North America, Europe, South Asia, and the Mediterranean. The firm’s founders — Nova Marine Holding and Algoma Central Corporation — will both retain minority stakes in the company.

An acquisition-heavy year: DP World Australia completed its AUD 174.5 mn (AED 421.3 mn) full acquisition of port-to-door Australian logistics operator Silk Logistics Holdings last August. DP World became the sole owner of Swiss logistics and terminal operator Swissterminal AG earlier this year, following a five-year run as a minority shareholder with a 44% stake.

About NACC: NACC is one of three fleets that comprise NovaAlgoma, a JV founded in 2016 by Luxembourg’s Nova Marine Carriers and Canada’s Algoma Central Corporation, according to its LinkedIn. NACC operates specialized pneumatic cement vessels, which include a compressor and pump system to load and unload cement powder across the world.

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