Industrials Transaction Brief: Amethis-backed Globex Acquires Morocco’s Logic Transport

Transaction Summary 

Globex, a provider of express courier, freight, transit, and storage solutions in Morocco, Senegal and Cameroon under the Fedex brand, has completed the 100% acquisition of Logic Transport, a leading player in the Moroccan transport and logistics sector. The deal is part-financed by Amethis, which owns a 30.5% minority stake in Globex acquired through its Amethis MENA Fund II. Globex was founded in 1998 and is based in Casablanca, Morocco. Globex, controlled by Omar El Kadiri's investment company Goldfin Holding is strengthening its position in freight transport and logistics management as the sole license holder of FedEx Express and FedEx Logistics in the 3 African countries. The Moroccan Competition Authority originally approved the deal in June 2024, and it was completed in October. 

Terms:

  • Buyer: Globex Investissement SA
  • Fund: Amethis MENA Fund II
  • Transaction Type: Buyout
  • Target Company: Logic Transport 
  • Target Price: Undisclosed
  • Target Revenue: 150m MAD ($15m)

Transaction Rationale

The transaction comes

This story is only available to Premium subscribers Subscribe or sign in to finish reading

Not ready to subscribe? Register to read a selection of free stories

Stears Reports

Stears Reports

Read Latest

Consumer Goods Transaction Brief: IFU and Coop Danmark Sell African Coffee Roasters to Slow Forest

PREMIUM - 04 APR 2025

April 2025 Africa Macro Outlook

PREMIUM - 03 APR 2025

Telecommunications Transaction Brief: TowerCo Bidco, an Actis-led Consortium Completes Acquisition of Telkom’s Tower Business, Swiftnet

PREMIUM - 03 APR 2025

Financial Services Transaction Brief: Rivy Secures $4M Pre-Series A from All On and EchoVC

PREMIUM - 02 APR 2025

Download our mobile app for a more immersive reading experience

Scan QR code
mobile download