Dubai, United Arab Emirates
The acquisition of Gazeley Limited by Economic Zones World (EZW), a Dubai World company, has received European regulatory approval completing the integration of these two fast-growing logistics infrastructure businesses, as announced on 10 June 2008.
EZW has acquired Gazeley Limited, the Wal-Mart-owned global provider of sustainable logistics space, as part of its strategy to expand into global markets and deliver a robust global platform to support the dynamic and complex supply chains of its customers.
The acquisition was driven by EZW's customer-centric strategy for global growth and the company's desire to strengthen its penetration of global markets through Gazeley's complementary fit.
Salma Hareb, Chief Executive Officer of Jafza and Economic Zones World, said:
"We are delighted to have received formal regulatory approval and we are getting on with the business of bringing our two organisations together and unlocking the value which the combined strength of our operations will provide. We are looking forward to building on the excellent work, capability and experience of the combined EZW/Gazeley team and to offering our customers an even broader and higher quality of service."
EZW and Gazeley senior management teams are currently working on an integration strategy to determine the best approach for combining the two businesses and maximising commercial and customer benefits.
Source: ME-NewsWire on behalf of Economic Zones World.
Notes to Editors
See details of the 10 June acquisition announcement at http://www.ezw.ae/en/news/economic-zones-world-ezw-joins-forces-with-g azeley-limited.html (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
Source: Business Wire (Business Wire India)