| 07 Jan 2009 |
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GWC, Agility Qatar plan to merge operations
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Development will see emergence of a new logistics leader in Qatar offering comprehensive portfolio of logistics services
today announced that it has signed a Memorandum of Understanding to enter into merger discussions with the Gulf Warehousing Company ("GWC")Gulf Warehousing Company ("GWC"), a company listed on the Doha Securities Market. The merger aims to create one of the strongest logistics players in the Qatar market with a comprehensive service portfolio for existing and prospective customers in the country. The new entity will be called GWCGWC - AgilityAgility. Over the last few years both GWCGWC and Agility QatarAgility Qatar have made significant strides in transforming their organizations into regional logistics and warehousing leaders, and the merger would further accelerate this development for both companies.
Elias Monem, AgilityAgility CEO for Middle East and Africa, said, "This is clearly a defining moment for both AgilityAgility and GWCGWC. We are entering into a new era of unprecedented growth, and this merger would increase our commitment to development in the State of Qatar. The integration of our companies will greatly strengthen our service portfolio, creating a win-win situation for the customers of both companies."
Mohammed El Emadi, GWCGWC
Chairman, added that the merger will lead to the creation of a powerful new force in the region's logistics and warehousing industry with the size and scope to offer the best in supply chain services to customers. "By integrating our core businesses in a way that it best serves our customers and presents new opportunities for our employees, we are on track to consolidate our leadership position in this niche industry," he added.
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About Gulf Warehousing Company (GWCGWC
)Gulf Warehousing Company was formed in March 2004 as a public listed company listed on Doha Securities market. We are proud to have over 40,000 Qatari shareholders. The aim of Gulf Warehousing is to be the leading service provider in Qatar for 3rd Party logistics services to a wide range of customers in all sectors of business.
In order for GWCGWC to provide the highest service levels to customers, we are investing in purpose built warehousing facilities, people and IT systems. Our flagship warehouse site consist of a purpose built 25,000 m2 facility comprising 46,000 pallet locations strategically located in the Doha Industrial area. The warehouse is now opens and offers ambient high rise storage and Frozen / Temperature controlled storage to 3rd party customers.
At the centre of our business is a state of the art Warehouse Management system which enables full visibility to customers form receipt through to dispatch of consignments. The system enables real time stock visibility and control over the internet for customers. The system can be integrated with a wide range of platforms including SAP and Oracle systems by our in-house IT Team.
About Agility
AgilityAgility is one of the world's leading providers of integrated logistics to businesses and governments. It is a publicly traded company with $6.3 billion in annual revenue and more than 32,000 employees in 550 offices and 100 countries. AgilityAgility brings efficiency to supply chains in some of the globe's most challenging environments, offering unmatched personal service, a global footprint, and customized capabilities in developed and emerging economies alike.
's commercial division, AgilityAgility Global Integrated Logistics (GIL), is headquartered in Switzerland and provides supply chain solutions to customers in technology, retail, chemicals, and other industries. AgilityAgility Defense & Government Services (DGS), based in Washington, offers logistics services to governments, relief agencies and international institutions worldwide. AgilityAgility Investments, based in Dubai, draws on local insights from AgilityAgility's global network to identify real estate and private equity opportunities in Asia, Africa and the Middle East. For more information about AgilityAgility, visit www.agilitylogistics.com.For more information, please contact:
Nita Bhatkar
Manager - Global Public Relations
Kuwait
Tel. +965.498.1154
Fax +965.467.1013
Email: nbhatkar@agilitylogistics.com
© Press Release 2009
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