Amethis buys minority stake in express courier company

Private equity firm Amethis has announced the acquisition of a minority stake in the Globex Group, a major player in express courier, freight and transit solutions in Morocco and sub-Saharan Africa.

Founded in 1998 in Casablanca, Globex operates in Morocco and sub-Saharan Africa (Senegal and Cameroon) under the Fedex Express brand. The Group holds Fedex Express, Trade Logistics and TNT licences. The group also holds several licences from the customs authorities in Morocco and sub-Saharan Africa.

In more than 20 years of existence, the group has established itself as a reference player in the field of express parcel shipping, freight and transit, and offers its customers competitive and guaranteed delivery times to/from more than 220 countries thanks to the vast network of FedEx World from which it benefits.

Omar El Kadiri, chairman and CEO of Globex, said, “We are delighted to welcome Amethis to our side to start the expansion of Globex in Morocco and sub-Saharan Africa; its entry into the capital comes at the right time to support us during this phase of growth and thus achieve our ambition to become a key regional player in express transport and logistics.”