Amethis backs North African logistics deal
Globex, part of private equity firm Amethis’s portfolio, has acquired 100% of Logic Transport.
Morocco-based express courier company Globex, part of private equity firm Amethis’s portfolio, has acquired 100% of Logic Transport, a prominent player in Morocco’s transport and logistics sector.
Amethis made its initial investment in Globex in 2022. Globex operates in express courier services, freight, transit, and storage solutions in Morocco and sub-Saharan Africa (including Senegal and Cameroon), under the FedEx Express brand. Over its 20-year history, the company has become established in the express parcel shipping and logistics sector, providing delivery services to and from more than 220 countries through the FedEx global network.
This strategic acquisition, for which Amethis participated in the financing, represents a significant step for Globex, marking its expansion and growth in the road transport and transit segment. It will enable Globex to broaden its range of services and optimise its operations, in particular by capitalising on the experience of the Andreani family, founders of Logic Transport.
This acquisition, in which Amethis played a role in the financing, marks a notable development for Globex as it expands its presence in the road transport and transit sector. The move will allow Globex to enhance its service offerings and improve operations, drawing on the expertise of the Andreani family, who founded Logic Transport.
Logic Transport employs over 155 people and operates a fleet of more than 150 trucks.
Omar El Kadiri, chairman and CEO of Globex, said: “This acquisition represents a strategic turning point for our company, enabling a significant extension of our service portfolio through the integration of complementary road expertise that will benefit our customers.”
Wilfried Poyet, Amethis partner for North Africa, commented: “We are delighted to have supported the management team in this important acquisition, working together to ensure strategic alignment with Logic Transport’s shareholders.”