GPL acquires 60% stake in Century Express couriers

DUBAI:

Gulf Pinnacle Logistics (GPL) has acquired a 60 per cent stake in UAE-based Century Express Courier Services as part of a Dh1.2 billion investment plan.

Century Express focuses on same- and next-day express deliveries through its own fleet and a network of agents in 100 countries.

Shailesh Dash, Chairman of Gulf Pinnacle Logistics, said, “This acquisition augments GPL’s concerted efforts in achieving its goal of becoming a diversified logistics company in addition to serving as a delivery base and capitalising on the e-commerce boom in the MENA region.”