Quivo, a logistics scale-up with roots in Lower Austria, has secured a €5.2 million investment from Qatar. Originally founded as Logsta in Wiener Neustadt and later merged with German competitor Ancla in 2022, the company now operates under the Quivo brand. It has expanded its logistics network to include a warehouse in France, alongside existing locations in Germany, Austria, the UK, and the USA.

Gulf Warehousing Company (GWC) has acquired a strategic, non-controlling stake in European tech and logistics firm Quivo. This move expands GWC's reach across three continents, facilitating access for Qatari and GCC brands to European and US markets, while offering international brands access to GCC consumers. Quivo's infrastructure includes six warehouses in Europe and the US. The partnership aims to capitalize on the GCC's e-commerce market, projected to reach $47 billion by 2029.