UAE’s GreenDome Investments acquires freight solutions provider Elite Co – The National

UAE’s GreenDome Investments acquires freight solutions provider Elite Co – The National

UAE-based GreenDome Investments has acquired land freight and courier solutions provider Elite Co from Prama Holdings for an undisclosed sum as it seeks to tap into the region's fast growing logistics market.

The deal is in line with GreenDome Investments' aim to build an end-to-end global logistics services business in the region, the company said in a statement on Sunday.

Elite Co is a specialised overland freight and courier services business, and has operations and assets across Oman, Bahrain, Qatar and the UAE, with its regional hub in Dubai. It employs more than 1,000 staff, and has 600 lorries and 100,000 square feet of warehouse capacity.