A.P. Moller Capital's Strategic Investment in Morocco
A.P. Moller Capital has announced its intention to acquire a majority stake in Globex Investissement, a prominent player in Morocco's transportation and logistics sector. This acquisition will be facilitated through the firm’s Emerging Markets Infrastructure Fund II and the APM Capital Morocco Fund. This strategic partnership will not only bolster A.P. Moller Capital’s footprint in North Africa but also enhance Globex’s capabilities in a rapidly evolving market.
The acquisition entails a collaborative effort with Globex's founder and CEO, Omar El Kadiri, who will continue to steer the company alongside its existing management team. Globex is well-established in various logistics segments, including express delivery, road freight, freight forwarding, and customs brokerage, effectively leveraging local market licensing agreements. As Morocco positions itself as a vital logistics hub in the region, this partnership is poised to facilitate significant growth and innovation.
Commitment to Sustainability and Future Growth
Kim Fejfer, CEO of A.P. Moller Capital, expressed enthusiasm about the investment, highlighting its alignment with the firm's core focus on transportation and logistics in North Africa. The partnership aims to capitalize on Morocco’s potential as a leading North African logistics hub, underpinned by favorable macroeconomic conditions. Fejfer stated, "Globex is an established market leader in transportation and logistics, a sector in which we have deep domain expertise and a strong regional presence."
A significant aspect of this partnership will be the emphasis on sustainability. A.P. Moller Capital plans to support Globex in its initiatives to become a green logistics leader. This includes the development of solar-powered logistics hubs, the integration of electric vehicles into their fleet, and the implementation of CO₂ reporting tools alongside strict ESG governance standards. Ghislane Guedira, CEO of APM Capital Morocco, reaffirmed the strength of combining A.P. Moller Capital’s extensive sector experience with Globex’s capable management team, setting the stage for enhanced market positioning and sustainable growth.
As the acquisition progresses, it will be contingent on standard regulatory approvals, including clearance from the Moroccan Competition Council. Omar El Kadiri's continued involvement in the company is seen as vital for navigating the next phase of growth, with a strong focus on creating long-term value while adhering to sustainable practices.
As reported by africaglobalfunds.com.
