DHL Expands in Saudi with AJEX Stake
Deal News | Feb 25, 2025 | Zawya
DHL, a leading logistics company, announced the acquisition of a minority stake in AJEX Logistics Services, a parcel logistics firm in Saudi Arabia. This acquisition marks DHL's expansion into the growing Saudi parcel market. Pablo Ciano, CEO of DHL eCommerce, notes the Kingdom's significant economic growth as a driving factor. The deal is subject to regulatory approvals. AJEX operates a vast network with over 50 facilities and a fleet of 900+ vehicles. DHL has had a presence in Saudi Arabia since 1970, already offering services like contract logistics and freight forwarding.
Sectors
- Logistics and Transportation
- E-commerce
Geography
- Saudi Arabia – The location of the target company AJEX and the focus of DHL's expansion with significant market potential.
- Germany – DHL is a German-based global logistics company leading this transaction.
Industry
- Logistics and Transportation – This industry focuses on the transportation and delivery of goods, which is the primary operation of both DHL and AJEX.
- E-commerce – DHL's eCommerce unit is involved in the acquisition, highlighting its focus on parcel logistics and online retail logistics solutions.
Financials
- Not specified – The financial details of the stake acquired in AJEX by DHL have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DHL eCommerce | Bidding Company | Company | A division of DHL Group focused on eCommerce logistics. |
| AJEX Logistics Services | Target Company | Company | A Saudi Arabia-based parcel logistics company with a large domestic network. |
| Pablo Ciano | Spokesperson | Person | CEO of DHL eCommerce commenting on strategic expansion. |
| Cleofe Maceda | Writer | Person | Author of the article. |
| Seban Scaria | Editor | Person | Editor for the article. |