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DIEZ’s Tradeling acquires Axiom Telecom: Tradeling Holding — the Dubai Integrated Economic Zones Authority’s (DIEZ) B2B e-commerce arm — inked a definitive agreement to acquire the distribution business of Dubai-based Axiom Telecom, state news agency Wam reports. The value of the transaction was not disclosed.
The details: Tradeling will acquire 100% of A&T Holding, which owns Axiom’s key distribution businesses. These include Axiom Distribution, its technology distributor within the UAE; Axiom International Distribution, its distributor in UAE free zones and for global exports; and Axiom Telecom Saudi Arabia, which handles distribution in Saudi Arabia and other international markets.
About Tradeling: Backed by the Dubai Airport Freezone Authority, Tradeling operates Mena’s largest B2B e-commerce platform. It specializes in electronics, F&B, office supplies, health and personal care and construction and industrial supplies. Serving over 50k customers, it has grown its order volumes 4x in 2023 and is projected to net annual revenues of over AED 2 bn.
About Axiom Telecom: The UAE-based technology retailer and distributor was founded in 1997, and acts as an authorized retailer and distributor for a number of international brands, as well as developing its own products and services.
