According to Invest Ad's press release, Abu Dhabi's Invest AD Invests 50 million Euros in Turkish Logistics Firm, Ekol Lojistik.
Abu Dhabi-based Invest AD is acquiring a significant minority stake in Ekol Lojistik, one of Turkey’s leading integrated logistics companies, for approximately 50 million Euros. The investment will be the first made through Invest AD Private Equity Partners II.
Invest AD's private equity fund, which aims to raise $400 million, is investing in fast growing companies in the Middle East and North Africa region, with a strong focus on Turkey, Saudi Arabia, Egypt and the United Arab Emirates.
EKOL, established in 1990, owns and operates 1,100 vehicles and 16 warehouses in Turkey and one cross-dock facility in Germany. Its team of 2000 people serves a long list of international and national blue-chip clients. The company offers integrated logistics services which include transportation, warehousing, foreign trade consulting and exhibition logistics and a number of value added services.
Labels: Ekol Lojistik, Invest AD