GreenDome Holdings, through its subsidiary Elite Co., has made a strategic leap in the logistics industry by acquiring LogX, a top-tier temperature-controlled logistics company based in the UAE.
This multi-million-dollar transaction not only strengthens GreenDome Holdings’ (GDH) market position but also broadens its array of services, signaling a significant advancement in its growth strategy.
Dr. Mohammed Sharaf, CEO of GreenDome Holdings, expressed his enthusiasm about the acquisition: “We are thrilled to welcome LogX into the GDH family. This acquisition represents a significant step forward in our mission to revolutionise the logistics industry. LogX’s impressive track record and strong market presence will further strengthen GDH’s capabilities, allowing us to deliver even more comprehensive and innovative solutions to our clients.”
LogX has established itself as a formidable entity in the logistics sector, boasting a network of over 150 talented professionals and more than 70 satisfied partners. With a remarkable 99% success ratio and 100% customer retention, LogX has earned a reputation as a reliable and customer-focused organization.
GDH’s acquisition of LogX is a strategic move to utilize LogX’s expertise, resources, and market influence to enhance the logistics services provided by GDH. This aligns with GDH’s broader strategy of creating an integrated logistics services powerhouse, poised to capitalize on regional and global growth opportunities.
Mr. Abdul Sami Khan, Co-Founder and CEO of LogX, shared his optimism regarding the merger: “Joining forces with GDH is a tremendous opportunity for LogX. We share a common vision of delivering exceptional logistics services and driving innovation in the industry. With GDH’s support, we are confident that we can take our business to new heights and continue providing the highest level of service to our valued partners and customers.”
Hisham Albahar, Group CEO of Elite Prime Holding, the operating company, highlighted the strategic alignment of the acquisition: “The acquisition of LogX is a strategic move that aligns perfectly with our growth strategy. Their expertise in cold chain last mile deliveries complements our existing portfolio, enabling us to offer a wider range of specialised services to our customers. We are excited about the opportunities this acquisition presents and look forward to integrating LogX seamlessly into our operations.”
“Elite recognises the immense growth potential in the cold chain logistics market and is well-positioned to capitalise on this trend. We remain committed to delivering exceptional logistics solutions that meet the evolving demands of the market and provide unparalleled value to our clients,” added Hisham Albahar.
