Economic Zones World (EZW), a Dubai World company, announced the acquisition of Gazeley Limited, the Wal-Mart-owned global provider of sustainable logistics space, as part of its strategy to expand into global markets.
The price was not disclosed.
An integration team will determine the best approach for combining the two businesses while retaining and developing the current management teams. The partnership will see all existing employees retained.
The transaction is subject to the receipt of European regulatory approval and is expected to complete during July.
EZW is a developer of ‘economic zones’ globally.
It developed and operates the Jebel Ali Free Zone of integrated logistics and distribution facilities adjacent to Jebel Ali Port in Dubai.
To date, Gazeley has created more than 60 million-square-feet of logistics warehouse space.
EZW has acquired Gazeley to further expand its collective reach into international markets.
Gazeley will provide EZW with operations in the UK and Europe, as well as additional growth opportunities in emerging markets including China, India and Mexico.
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.
Gazeley’s customers include many of the world’s largest companies, third-party logistics providers, manufacturers, retailers and their suppliers.
Gazeley is also a preferred developer of distribution space for Wal-Mart International, including Asda in the UK and Wal-Mart.
