Genesis Logistics Acquired by JPB Cyprus Holdings
JPB Cyprus Holdings Ltd has acquired Genesis Logistics Ltd, a leading player in the field of freight forwarding and logistics.
About the Acquisition
The acquisition is subject to the approval of the Commission for the Protection of Competition. JPB Cyprus Holdings Ltd is a company duly registered in accordance with the laws of the Republic of Cyprus and is active in the field of investments, either directly or through its subsidiaries, including investments in real estate.
Genesis Logistics Ltd
Genesis Logistics Ltd is a company duly registered in accordance with the laws of the Republic of Cyprus and is active in the field of international freight forwarding and logistics.
Statement from Genesis Logistics Ltd
Genesis Logistics Ltd announced that it has entered into an agreement with JPB Cyprus Holding Ltd for the acquisition of 100% of the share capital of Genesis Logistics Ltd. This strategic development is part of the company's further development and strengthening for the next day, both at a business level and at a human resources level.
Benefits of the Acquisition
The agreement marks a significant milestone in the course of Genesis Logistics, creating new prospects for growth, investment, and further empowerment of the company's services in the field of international transport and supply chain.
- The founders and shareholders of the company, Stefanos Stefanis and Chrystalla Iordanou, will continue to lead the company, ensuring the continuity of management, strategic direction, and customer-centric philosophy that characterizes Genesis Logistics.
- The completion of the acquisition agreement is subject to the approval of the Commission for the Protection of Competition.
- Genesis Logistics will continue to operate with the same consistency, reliability, and commitment to its customers, partners, and employees, with the goal of creating even greater value and prospects for the future.