India-based company Globex International has acquired Octagon International FZE. The RAK Free Zone company has been in the market for almost a decade and has created a solid business in agro commodities, fertilizers and IT.
This acquisition will help Globex International to achieve exponential growth and entry into new markets such as Africa integrated with strategic location of Dubai, said the company. Octagon will continue to grow IT business in the region and we will keep the same name for a period of six months to one year.
“Octagon has presented promising and exciting opportunities to Globex International and its customer base coupled with competency of Globex will take it to new heights,” said Sukant Mishra, MD, Octagon International Group.
“We are very excited be a part of growth in MENA region and acquisition of Octagon International will bring us all the strength to capitalise on this opportunity,” said Faiz Beg, Managing Director, Octagone International FZE and MD, Globex International India
Octagon International FZCO based in Jebel Ali continues to be a part of Octagon Group and this acquisition only concerns Octagone International FZE in RAK.
