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GreenDome subsidiary acquires cold chain logistics company:Dubai-based land freight company Elite Co, a subsidiary of GCC-based logistics investment consortium GreenDome Holdings, has acquired UAE-based cold chain logistics company LogX in a USD multi-mn transaction, according to a press release. The acquisition broadens the scope of logistics services for both GDH and its subsidiary, while also expanding their reach.
What they said: “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,” GreenDome Holdings CEO Mohammed Sharaf said.
Background:GreenDome Investments acquired Elite, a supply chain solutions company that operates throughout Oman, Bahrain, Qatar and the UAE, back in November 2021 in what was then one of the “largest acquisitions in the logistics market,” Wam reported.
