EZW completes acquisition of Gazeley

The acquisition of Gazeley Limited by Economic Zones World (EZW), a Dubai World company, has received European regulatory approval completing the integration of the two logistics infrastructure businesses.

Last month Emirates Business had reported EZW's acquisition of Gazeley – a global provider of sustainable logistics space – from the Wal-Mart group as part of EZW's strategy to expand into global markets with a worldwide platform to support the supply chains of its customers.

EZW officials said the acquisition was driven by its customer-centric strategy for global growth and the desire to strengthen its penetration of global markets through Gazeley's complementary fit.

Salma Hareb, CEO of Jafza and EZW, said: "We are delighted to have received formal regulatory approval and we are getting on with the business of bringing our two organisations together. We are looking forward to building on the capability of the combined EZW-Gazeley team and to offer our customers an even higher quality of service."