DHL invests in the Saudi logistics firm Ajex, securing a minority ownership share.
In a strategic move to expand its reach in the Middle East, DHL eCommerce has acquired a stake in Ajex Logistics Services, a Saudi Arabian last-mile delivery provider specialising in tech-driven B2C logistics. This acquisition marks DHL's entry into the Kingdom's rapidly growing e-commerce parcel market.
Founded in 2021, Ajex employs 1,500 team members and operates over 50 facilities with a fleet of more than 900 vehicles. With its operations also extended into Qatar and Oman, this partnership enables DHL to strengthen its footprint and competitiveness in the region.
Pablo Ciano, CEO of DHL Ecommerce, stated that the partnership aligns with Saudi Arabia's Vision 2030 initiative and its focus on logistics as a key growth pillar. The growing e-commerce market in Saudi Arabia, which is expanding at double-digit rates, is driving this expansion in the domestic parcel sector.
The acquisition aims to support growth in B2C last-mile, technology-enabled delivery services in Saudi Arabia and neighbouring Gulf countries, reinforcing DHL’s position as a key player in regional e-commerce logistics. Future plans would likely include expanding the tech-based delivery network and continuing to grow Ajex’s regional footprint, although specific detailed plans post-acquisition were not disclosed.
This strategic move is part of DHL eCommerce’s broader strategy to enhance its capabilities and regional reach in last-mile delivery services across the Middle East. The company has also made acquisitions in other markets such as the US and the UK, targeting enhanced parcel and e-commerce fulfillment services.
The financial details and the exact size of the stake were not disclosed in the available sources. However, DHL Ecommerce has secured an option to increase its interest to a majority stake in Ajex in the future. The partnership between DHL Ecommerce and Ajex aims to deliver reliable, affordable, and sustainable delivery solutions.
The strategic acquisition by DHL eCommerce of a stake in Ajex Logistics Services, a Saudi Arabian logistics provider, signifies its entry into the region's burgeoning finance sector, as both industries intersect in the growth of e-commerce. The partnership aims to bolster DHL's financial standing and competitiveness in the Middle East while delivering reliable, affordable, and sustainable delivery solutions.
