Doha: Gulf Warehousing Company Q.P.S.C (GWC) has acquired a strategic, non-controlling stake in European technology and logistics scale-up Quivo. In a statement on Sunday, GWC announced that this move will expand its footprint across three continents and facilitate homegrown Qatari and GCC brands to gain expedited access to major European and US marketplaces, while also providing international companies access to millions of GCC consumers.
According to Qatar News Agency, this acquisition strengthens GWC’s global presence and connects Qatar’s logistics expertise with new markets. It will enable homegrown regional brands to seamlessly access international marketplaces and provide global companies with access to the region’s extensive consumer base. Quivo, known for its robust technology and e-commerce expertise, has a network of six warehouses located in Germany, France, Austria, the UK, and the USA. The company’s scalable infrastructure supports international brand growth with its modern warehouse management system, multi-channel listing, API integrations, and easy marketplace integration with global platforms like Amazon and Shopify.
GWC has already integrated Quivo’s software into its warehouses in Qatar, with plans for further rollouts in the UAE and Saudi Arabia in the coming months. The collaboration aims to capitalize on the GCC’s growing e-commerce market, projected to nearly double to US$ 47 billion by 2029, as per the Seamless GCC Market Report 2024. This strategic stake acquisition not only expands GWC’s portfolio by gaining access to European and US markets but also provides Quivo access to a prime growth market in the GCC. Customers of both companies will benefit from the ability to scale their products seamlessly across the MENA region, Europe, and the US.
Matthew Kearns, GWC’s Acting Group CEO, emphasized the synergy between logistics and technology, stating that the acquisition extends their reach across three continents and reinforces their position as a leader in tech-enabled e-commerce logistics. This acquisition allows for instant scalability, enabling brands to integrate into new regions and channels without redundant setups.
Georg Weiss, Co-Founder and CEO of Quivo, remarked on the partnership’s potential to enhance marketplace visibility and order execution. He highlighted that with Quivo’s omnichannel SaaS and GWC’s regional logistics footprint, brands will have a single command center for catalog management, order processing, payments, and performance, all supported by reliable fulfillment across Qatar, the UAE, and Saudi Arabia.
GWC is a prominent logistics provider in the MENA region, offering premier logistics and supply chain services. As the largest private sector developer of logistics hubs in the region, GWC has developed over 4 million square meters of world-class logistics infrastructure and continues to engage in new projects and management agreements.