News / DP World continues its diversification with billion-dollar Topaz Energy & Marine deal

Dubai-headquartered terminal operator DP World has continued its diversification strategy, today announcing it will acquire offshore oil logistics specialist Topaz Energy & Marine.

DP World said it had agreed to buy the company, which operates a fleet of 117 offshore support vessels, from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital for $1.079bn, as it continues to expand beyond its core business of running ports.

Chairman Sultan Ahmed Bin Sulayem said: “In recent years, we have been investing selectively in the ...