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UAE’s Elite acquires LogX in multi-million-dollar logistics deal

By acquiring LogX, GDH aims to leverage its expertise and market influence

GreenDome Holdings, through its subsidiary Elite Co., a prominent logistics investment vehicle owned by regional industry leaders, has recently announced today that it successfully completed its latest strategic move by acquiring LogX, the UAE’s leading temperature-controlled logistics company.

This multi-million-dollar deal marks another significant milestone for GDH as it strengthens its position in the market and expands its service offerings.

“We are thrilled to welcome LogX into the GDH family. 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,” stated Dr. Mohammed Sharaf, CEO, GreenDome Holdings.

Customer-centric

LogX has emerged as a key player in the logistics landscape, boasting a network of over 150 talented professionals and a robust network of more than 70 satisfied partners. With an impressive 99% success ratio and 100% customer retention, LogX has established itself as a reliable and customer-centric organization in the industry.

By acquiring LogX, GDH aims to leverage its expertise, resources, and market influence to further enhance the logistics services it provides. This acquisition aligns with GDH’s overarching strategy of building an end-to-end logistics services powerhouse, capitalizing on both regional and global growth opportunities.

Tremendous opportunity

“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,” remarked Abdul Sami Khan, Co-Founder and CEO, LogX.

“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 specialized services to our customers,” commented Hisham Albahar, Group CEO, Elite Prime Holding, the operating company.

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