A.P. Moller Capital backs Moroccan logistics company Globex
Globex operates in express delivery, road freight, freight forwarding and customs brokerage.
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A.P. Moller Capital, through its Emerging Markets Infrastructure Fund II (EMIF II) and APM Capital Morocco Fund, has signed an agreement to acquire a majority stake in Globex Investissement, a Moroccan logistics company.
The funds will establish a partnership with the Globex CEO and founder, Omar El Kadiri, who will continue to lead the business.
Globex has established market positions in express delivery, road freight, freight forwarding and customs brokerage.
Kim Fejfer, CEO of A.P. Moller Capital, said: “We are excited to partner with Omar El Kadiri through our investment which directly aligns with our core sector and geographic focus. Globex is an established market leader in transportation and logistics, a sector in which we have deep domain expertise and a strong regional presence, and Morocco is rapidly developing into the leading North African logistics hub, supported by strong macroeconomic tailwinds.”
Ghislane Guedira, CEO of APM Capital Morocco, said: “We’re delighted to announce our investment in Globex. With the combination of A.P. Moller Capital’s sector heritage and Globex’s strong management team, we look forward to supporting the company as it continues to strengthen its market position and contribute to the development of Morocco’s transport and logistics sector, while maintaining a strong focus on sustainability.”
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