UAE-based business-to-business logistics provider Lyve Global has acquired a majority stake in Jeebly, a last-mile logistics provider as part of their investment strategy to expand their offerings and market reach.
With more than 500 key global and regional brands across multiple industries, Lyve sets to accelerate their growth across their cloud-based food platforms and services across e-commerce, beverage, grocery and healthcare brands through this strategic investment.
“In less than 12 months we have concluded 4 acquisitions. We have ambitious plans for the coming two years with total investment value reaching over $150 million,” Nader Museitif (below), chief investment officer at Lyve said.
“This is one of several investments that will complement our offering and we will be actively looking to acquire companies that add to our spectrum of services,” he added.
Lyve has expanded its offerings to cover order generation and management, payments, and delivery across 20 markets, in partnership with Axeed.
The company was founded in 2016 by Hassan Hallas and Walid Moneims and operates unique delivery solutions across the GCC, Saudi Arabia, the United States, India and Pakistan.
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