Investing in future logistics tech
Infinite PL is expanding its capabilities in the logistics technology market by taking a major stake in the UK-based tech company GN TEQ Limited. With this investment, Infinite PL seeks to grow its e-commerce and digital portfolios.
Born out of a joint venture based in Saudi Arabia, Infinite PL is looking to back up-and-coming technologies. As a provider of software solutions in the logistics industry, GN TEQ offers services to bundle cross-border logistics and activities into one platform.
“What appealed to us most about GN TEQ and its team is their declared purpose of enabling e-commerce customers globally to receive higher quality fulfilment services at more affordable costs,” says Dr. Fadi AlBuhairan, chairman of Infinite PL. By taking over a majority share of the venture, the company will follow its growth strategy in line with Saudi Arabia’s 2030 vision. (mk).