Press Releases

Kanoo Equipment Rental Announces Contract Agreement with CEVA Logistics
Dubai: October 18, 2010

Dubai: October 18, 2010 - Kanoo Equipment Rental (KANRENT), a Dubai-based materials handling solutions provider and a division of The Kanoo Group, announced that it has signed an agreement with CEVA Logistics, one of the world's leading Supply Chain Management companies headquartered in Hoofddorp The Netherlands, to supply material handling equipment at their new facility in Jebel Ali Free zone. This is the largest of the four facilities CEVA Logistics.

The two companies believed this was the first step to exploring a sustained partnership to support CEVA Logistics expansion plans by providing appropriate material handling equipment for their facilities to provide effective and efficient solutions to their customers.

The contract was signed by Mr. John Gould, Managing Director of CEVA Logistics Middle East and Mr. Bob Curtis, The Kanoo Group CEO UAE-Oman on October 4, 2010 at the offices of CEVA Logistics Middle East in Jebel Ali Free Zone, Dubai.

“We are immensely proud to explore growth opportunities with a strong partner like CEVA Logistics which possesses strengths that are well-aligned with KANRENT. CEVA Logistics is recognized as an innovator that demonstrates excellence in logistics and supply chain management”, said Mr. Bob Curtis, CEO UAE-Oman, The Kanoo Group.

Both parties expressed their commitment towards ensuring the successful implementation of the Memorandum of Understanding for the benefit of the customers in the region, and looked forward to strengthening the bonds of partnership.

The signing ceremony was also attended by Amar Abed, Business Director, Hyster, Frank Ulbricht, VP, Hyster, Bryan Eaton, Operations Manager, KANRENT, Imtiaz Haq, Senior Sales Engineer, KANRENT, Stefano Pollotti, Contract Logistics Director, Warren Angus Sales & Marketing Director Middle East CEVA Logistics FZE.

Notes to Editor

About Kanoo Equipment Rental (KANRENT)

Kanoo Equipment Rental is a fully dedicated service solution provider offering world leading machinery to a host of construction and industrial sectors. Kanoo Equipment Rental offers a large fleet of the highest standard and is supported by a group of full service workshops and a mobile team of onsite mechanics to keep the rented fleet fully operational at all times.

About CEVA Logistics:

CEVA Logistics are one of the world’s leading logistics companies, providing end-to-end design, implementation and operational capabilities in freight forwarding, contract logistics, transportation management and distribution management.

CEVA Logistics offer's every customer a service tailored to their specific needs, built on our formidable experience across a broad range of market sectors. CEVA Logistics have particular expertise in automotive and tires; technology; consumer and retail; industrial; publishing; energy; aerospace; and healthcare.

CEVA Logistics are a non-listed company, owned by affiliates of Apollo Management LP, one of the leading private equity investors in the world. CEVA Logistics employs more than 46,000 people and run a global network with facilities in more than 170 countries.

Media Contact:

Bryan Eaton

Operations Manager

Kanoo Equipment Rental

Tel: +971 4 3400407

Cielo Salazar

PR Executive

The Kanoo Group

Tel: +971 4 5072 440