Globex is an established leader in the Moroccan transportation and logistics sector, underpinned by exclusive local market licensing agreements, with established market positions in express delivery, road freight, freight forwarding and customs brokerage.
Through its funds, A.P. Moller Capital – Emerging Markets Infrastructure Fund II and APM Capital Morocco Fund, A.P. Moller Capital will acquire a majority stake in Globex, establishing a partnership with Founder and CEO Omar El Kadiri, who will remain in place along with an experienced management team.
A.P. Moller Capital’s strong sector heritage and experience in transportation and logistics along with its deep knowledge of the North African market, makes it an ideal partner to support Globex’s next phase of growth and reinforce its leadership position in the market.
Additionally, by leveraging A.P. Moller Capital’s knowledge and track record in sustainable investments, Globex will aim to become a green logistics leader in Morocco, delivering its Net Zero roadmap, including solar powered hubs, electric fleet deployment and CO₂ reporting tools underpinned by robust ESG governance standards.
Completion of the acquisition is subject to customary conditions precedent, including merger control clearance by the Moroccan Competition Council.
Ghislane Guedira, CEO of APM Capital Morocco S.A, said: “We’re delighted to announce our investment in Globex. With the combination of A.P. Moller Capital’s sector heritage and Globex’s strong management team, we look forward to supporting the company as it continues to strengthen its market position and contribute to the development of Morocco’s transport and logistics sector, while maintaining a strong focus on sustainability.”