GLT Express, the logistics arm of Global Logistics and Technology (GLT) Holdings, has expanded its operations into Egypt by acquiring Egyptian logistics company Gallop Express. The acquisition is part of GLT’s strategy to expand its operations beyond the Gulf Cooperation Council (GCC) countries and into additional countries in the Middle East and North Africa (MENA) region.
GLT Express has been operating in the Kingdom of Saudi Arabia for over six years, providing a comprehensive range of logistics services, including fulfilment, last-mile delivery, freight, and global address, to streamline the entire operating process from start to finish, utilizing cutting-edge technology to deliver all types of shipments.
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“The acquisition of Gallop Express in Egypt was a no-brainer for GLT Holdings,” commented Mark Humphries, CEO of GLT Express, on the acquisition, noting that the country is the world’s 39th largest e-commerce market, with projected revenues of $5 billion in 2021.
It’s worth noting that Egypt’s logistics market is expected to grow by 44% by 2021, owing to the country’s unique geographic location, which qualifies it to act as a logistic hub connecting Europe, the Middle East, Africa, and Asia. On the other hand, the Egyptian government has undertaken significant upgrades to the country’s transportation infrastructure in accordance with Egypt’s 2030 Vision.
“We aspire to contribute to Egypt’s revolutionary agenda by offering a range of logistics solutions that set GLT Express apart from the competition. We are committed to showcasing our adaptable, customized technology, fostering a creative, multicultural work environment, and forming key connections in order to strengthen our presence in the Egyptian market,” Humphries added.
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GLT Holdings was founded in 2016 by Mr Alzamil with the mission of assisting merchants in scaling and growing their businesses by providing high-quality full-suite solutions that enable them to leverage their operation processes across multiple domains, enabling them to serve their customers at the highest standard and lowest cost. GLT Holdings also seeks to simplify the entire selling process for merchants, from website development to payment processing for both online and offline sales, fulfillment services, shipping, and delivery.
GLT aims to become one of the top five logistics operators in the region by serving as a one-stop shop for all service requirements from the first to the last mile, with operations in the UAE, Uzbekistan, and Sudan, in addition to its over six-year presence in the Saudi market.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh