{"id":545673,"date":"2022-04-07T04:00:32","date_gmt":"2022-04-07T04:00:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/saudi-last-mile-delivery-firm-acquires-local-startup-gallop-express\/"},"modified":"2022-04-07T04:00:32","modified_gmt":"2022-04-07T04:00:32","slug":"saudi-last-mile-delivery-firm-acquires-local-startup-gallop-express","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/saudi-last-mile-delivery-firm-acquires-local-startup-gallop-express\/","title":{"rendered":"Saudi last-mile delivery firm acquires local startup Gallop Express"},"content":{"rendered":"

<\/a> GLT Express steps into Egypt with local acquisition: <\/strong>Saudi logistics company GLT<\/a>Express<\/a> has made Egypt its first expansion destination outside the Kingdom, acquiring Gallop Express<\/a> for an undisclosed sum, according to a statement (pdf)<\/a>.<\/p>\n

What\u2019s GLT Express: <\/strong>It\u2019s the logistics delivery arm of Global Logistics and Technology (GLT) Holdings<\/a>, which also offers scaling solutions, fintech and payment services, and digital support to e-commerce and F&B businesses, among others. Founded in 2016, the holding company operates in Saudi Arabia, the UAE, Uzbekistan, and Sudan. Subsidiary GLT Express provides B2B fulfillment, last mile delivery, customs clearance and freight services in KSA.<\/p>\n

Gallop Express is an Egyptian startup courier service<\/strong> for individuals and companies, founded in 2020.<\/p>\n

\u201cThe acquisition of Gallop Express in Egypt was a no-brainer,\u201d <\/strong>GLT Express CEO Mark Humphries said, given the potential in the Egyptian market.<\/p>\n

This is the second Saudi mid-market acquisition in the local market this week:<\/strong> GLT\u2019s takeover comes hot on the heels of Saudi Telecom\u2019s bid for an 89.5% stake in local systems integrator Giza Systems<\/a>. Our GCC neighbors have been stepping up activity in the local market of late, including M&A, investment<\/a> and (in the case of KSA) deposits<\/a> at the central bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

GLT Express steps into Egypt with local acquisition: Saudi logistics company GLTExpress has made Egypt its first expansion destination outside the Kingdom, acquiring Gallop Express for an undisclosed sum, according to a statement (pdf). What\u2019s GLT Express: It\u2019s the logistics delivery arm of Global Logistics and Technology (GLT) Holdings, which also offers scaling solutions, fintech […]<\/p>\n","protected":false},"author":1,"featured_media":545674,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[72,1641,1640,7128],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-enterpriseam","tag-gallop-express","tag-glt-express","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"494af63e-d26f-40b0-97da-6f0434375144","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/158.jpg","photo_position":"above","related_issue":[545665],"teaser":"","voice_url":""},"yoast_head":"\nSaudi last-mile delivery firm acquires local startup Gallop Express - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/saudi-last-mile-delivery-firm-acquires-local-startup-gallop-express\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi last-mile delivery firm acquires local startup Gallop Express\" \/>\n<meta property=\"og:description\" content=\"GLT Express steps into Egypt with local acquisition: Saudi logistics company GLTExpress has made Egypt its first expansion destination outside the Kingdom, acquiring Gallop Express for an undisclosed sum, according to a statement (pdf). What\u2019s GLT Express: It\u2019s the logistics delivery arm of Global Logistics and Technology (GLT) Holdings, which also offers scaling solutions, fintech […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/saudi-last-mile-delivery-firm-acquires-local-startup-gallop-express\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-07T04:00:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/158.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/saudi-last-mile-delivery-firm-acquires-local-startup-gallop-express\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/saudi-last-mile-delivery-firm-acquires-local-startup-gallop-express\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saudi last-mile delivery firm acquires local startup Gallop Express\",\"datePublished\":\"2022-04-07T04:00:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/saudi-last-mile-delivery-firm-acquires-local-startup-gallop-express\/\"},\"wordCount\":213,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/saudi-last-mile-delivery-firm-acquires-local-startup-gallop-express\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/158.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Gallop Express\",\"GLT Express\",\"M&A Watch\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/saudi-last-mile-delivery-firm-acquires-local-startup-gallop-express\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/saudi-last-mile-delivery-firm-acquires-local-startup-gallop-express\/\",\"name\":\"Saudi last-mile delivery firm acquires local startup Gallop Express - 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