Amethis and Globex are pleased to announce the acquisition of Logic Transport by Globex
Casablanca, October 21st, 2024
On 14 October 2024, Globex successfully acquired 100% of the capital of Logic Transport, a leading player in the Moroccan transport and logistics sector.
Since 2022, Amethis has been a partner of Globex, a company operating in express courier, freight, transit and storage solutions in Morocco and sub-Saharan Africa (Senegal and Cameroon), under the Fedex Express brand. In more than 20 years of existence, the group has established itself as a reference player in the field of express parcel shipping, freight and transit, and offers its customers competitive and guaranteed delivery times to/from more than 220 countries thanks to the vast network of FedEx World from which it benefits. In October 2024, Globex completed the acquisition of Logic Transport, a leading player in the transport and logistics sector in Morocco.
This strategic acquisition, for which Amethis participated in the financing, represents a significant step for Globex, marking its expansion and growth in the road transport and transit segment. It will enable Globex to broaden its range of services and optimise its operations, in particular by capitalising on the experience of the Andreani family, founders of Logic Transport.
Logic Transport, recognised for its excellence in road transport, employs more than 155 people and has a fleet of more than 150 trucks.
Globex will continue to deploy its sustainable development approach, focusing in particular on measuring and managing the carbon footprint of its vehicle fleet.
The transaction has been approved by the competent authorities.
Omar El Kadiri, Chairman and CEO of Globex, declared: “This acquisition represents a strategic turning point for our company, enabling a significant extension of our service portfolio through the integration of complementary road expertise that will benefit our customers.”
Wilfried Poyet, Amethis Partner covering North Africa, said: “We are delighted to have supported the management team in this important acquisition, working together to ensure strategic alignment with Logic Transport’s shareholders.”
About Logic Transport
Founded in 1980, Logic Transport is a leading family-owned road transport company. It also operates in the transit, container management, handling and warehousing sectors. The company, which is ISO 9001, ISO 22000 and GMP+ B4 certified, has more than 155 employees and a fleet of over 150 trucks. The company works with a wide range of customers in various sectors in Morocco and Europe.
About Amethis
Founded by Luc Rigouzzo and Laurent Demey, and member of Edmond de Rothschild Private Equity Partnership, Amethis is an impact-oriented private equity firm focusing on financial, environmental and social sustainability on the African and European continents. With assets under management of over €1 billion, Amethis has made more than 40 investments to date.
Amethis provides growth capital to promising mid-sized champions in a variety of sectors, offering growth support through its international network covering Europe and Africa as well as systematic improvement of their environmental and social impacts. With six offices in Paris, Abidjan, Casablanca, Nairobi, Cairo and Luxembourg, the Amethis team includes 50 experienced professionals with strong regional and sector expertise.
To learn more: www.amethis.com
About Edmond de Rothschild Private Equity
Edmond de Rothschild Private Equity (EDRPE) is an independent player, part of Edmond de Rothschild, with over € 4.0 billion in assets under management. With an entrepreneurial approach to finance backed by strong convictions, Edmond de Rothschild Private Equity builds and develops differentiating investment strategies that provide a sustainable response to environmental and social challenges.
Founded in 1953, the Group had nearly CHF 160 billion in assets under management at the end of December 2022, 2,500 employees and 30 offices worldwide.
To find out more about Edmond de Rothschild and EDRPE, please visit: www.edmond-de-rothschild.com
- Financial due diligence buy side: BDO
- Social due diligence buy side: BDO
- Tax due diligence buy side: BDO
- Legal due diligence buy side and transactional support: Grant Thornton Legal
- Legal due diligence sell side and transactional support: DLA Piper
- M&A advisor buy side: Coram Africa
- M&A advisor sell side: BV Capital Africa