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

  • Date: 23-Jan-2024
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
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UAE’s Elite acquires LogX in multi-million dollar logistics deal

- LogX is the No.1 last mile cold-chain logistics company in the UAE

Dubai, UAE – GreenDome Holdings, through its subsidiary Elite Co., a prominent logistics investment vehicle owned by regional industry leaders, has 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. This acquisition represents a significant step forward in our mission to revolutionize the logistics industry. 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,” said Dr. Mohammed Sharaf, CEO of GreenDome Holdings.

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