Name

G.A.P. Vassilopoulos

Legal name

G.A.P. VASSILOPOULOS PUBLIC LIMITED

Website

https://gapgroup.com

Company type

Public

Founded year

1964

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Diversified Business Services

NAICS

Management of Companies and Enterprises (55111), Corporate, Subsidiary, and Regional Managing Offices (551114), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Insurance Agents, Brokers & Service (6411), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Intercompany & Consolidation Support (Eliminations, Group Reporting Support) (BPAAAGAG)

akta.pro secondary industry

Vendor & Contract Management (Software/Cloud) (BPAEAOAD)

Keywords

• Logistics services
• Freight forwarding
• Port operations
• Merchant financing
• Domestic courier

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Transport & Logistics Services: Comprehensive logistics services including port operations, marine services, freight forwarding, shipping agency, warehousing, customs clearing, domestic and international courier, airport ground handling, and oil & gas logistics.
2. Financial & Technology Services: Western Union money transfers, corporate international payments via Convera, card processing via Worldline/Vpayments, insurance services, e-invoicing, Sliq digital financial platform, and Fetch marketplace delivery service.
3. Human Asset Management: HR management services through Manpower partnership including recruitment, payroll outsourcing, and workforce solutions.
4. Hospitality Services: Hotel operations at The Classic Hotel in Nicosia and Americana Hotel in London, and travel & tourism services including IATA membership, airline representation, and complete travel solutions.
5. Environmental Services: VTW water treatment services for organized beaches, coastlines, marinas, seaports, and water reservoirs worldwide using eco-friendly natural ingredient products.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

G.A.P. Vassilopoulos Group is a diversified Cyprus-based services conglomerate (founded 1964, listed on the Cyprus Stock Exchange) operating across five business verticals: Transport & Logistics (port operations, marine services, freight forwarding, customs clearing, warehousing, courier), Financial & Technology Digital Solutions (Sliq Business, Sliq Consumer Wallet, Fetch on-demand marketplace, Vpayments card processing), Human Asset Management (Manpower HR and Andersen technology staffing), Hospitality (The Classic Hotel in Nicosia, Americana Hotel in London, travel & tourism), and Environmental Services (VTW water treatment). The group operates as an authorized service contractor, master agent, general sales agent, and representative for major international brands including UPS, Western Union, Worldline, DP World, P&O Maritime, Swissport, Manpower, and DSV.

Product overview

G.A.P. Vassilopoulos Group is a diversified Cyprus-based services conglomerate (founded 1964, top 25 in Cyprus) operating across five sectors: Transport & Logistics, Financial & Technology Digital Solutions, Human Asset Management, Hospitality, and Environmental Services. The portfolio consists of multiple distinct brands and sub-brands under a unified corporate umbrella. In Financial & Technology, the core products are Fetch Marketplace (on-demand retail delivery), Sliq Business (all-in-one corporate banking), Sliq Consumer Wallet (consumer financial app), Vpayments (card processing via Worldline), and Sliq Boost (embedded business financing via finmid). Transport & Logistics encompasses port operations (DP World), marine services (P&O Maritime), freight forwarding (DSV), shipping agency (Hapag-Lloyd, ONE, Multiport), domestic express courier (Akis Express), UPS international courier, airport ground handling (Swissport), customs clearing, warehousing, oil & gas logistics, and naval/military operations. Human Asset Management includes Manpower staffing and Andersen technology staffing. Hospitality covers owned hotels (The Classic Hotel Nicosia, Americana Hotel London) and travel & tourism. Environmental Services includes VTW water treatment. The group operates a global network of 4,500 offices across Cyprus, Greece, Malta, UK, Ireland, Germany, Belgium, Netherlands, Luxembourg, and Israel.

Differentiator

Problem solved

Functional benefit

Brands

• Fetch: Cyprus' first on-demand marketplace and delivery platform connecting local retailers with consumers for real-time delivery services.
• Sliq Wallet
• Sliq Business
• VTW
• G.A.P. Akis Express
• G.A.P. Express Logistics
• MGR Air Cargo Deconsolidators
• G.A.P. Insurance Agency
• Vpayments
• G.A.P. GSA Services
• The Classic Hotel
• Americana Hotel

Products and services

• Fetch Marketplace Cyprus's first on-demand retail marketplace and delivery platform connecting consumers with local retailers for real-time ordering and delivery of groceries, electronics, beauty products, fashion, home essentials, pet supplies, and gifts. Merchants gain an additional sales channel and Fetch handles last-mile delivery through independent couriers.
• Sliq Business All-in-one corporate banking and financial management platform for Cyprus businesses. Provides cross-border payments, FX, physical and virtual business cards, automated expense management, and Business APIs. Differentiated by zero acquiring fees and integration with Vpayments processing.
• Sliq Consumer Wallet Next-generation consumer financial app offering international money transfers, bill payments, food ordering, online shopping, event ticketing, physical and virtual debit cards, rewards and cashbacks, insurance services, and utilities management in one platform.
• Vpayments Card Processing Cashless payment solutions for traders, industries, and online stores throughout Europe, delivered in partnership with Worldline. Covers POS terminals, online payment gateway (Saferpay), mobile payments, and omnichannel solutions including Apple Pay, Google Pay, and Dynamic Currency Conversion. Powers payment infrastructure for Sliq Business merchants and Fetch marketplace.
• Sliq Boost Embedded Business Financing Embedded business financing feature delivering pre-approved financing offers (up to €30,000) within the Sliq Business merchant portal, powered by finmid lending infrastructure. Decisions based on real-time Vpayments sales data; funds within 48 hours; automatic sales-linked repayments.
• G.A.P. Akis Express Domestic Courier Cyprus's largest and fastest domestic express courier service, offering same-day delivery with 66 inter-city departures daily, 100 prime locations, 300-vehicle fleet, 17,000 sq.m automated warehouse, real-time track & trace, and cash-on-delivery services across all 850 postal codes in Cyprus.
• UPS International Express Courier Authorized UPS service contractor in Cyprus offering international express import/export for documents and parcels with door-to-door delivery within 1-2 business days, worldwide coverage, real-time tracking, free packaging, and customs clearance support.
• Western Union International Money Transfers Master Agent of Western Union in Cyprus, UK, Holland, Belgium, Luxembourg, Germany, and Ireland enabling international money transfers to 550,000+ agent locations in 200+ countries, transacting in nearly 130 currencies.
• Port Operations (DP World Limassol) Operation of the multi-purpose and cruise terminal at Limassol Port under a 25-year concession with DP World. Handles general cargo, containers, RO/RO, naval ships, and cruise vessels across 300,000 sq.m terminal area with 1,600m quay length and 18,000 sq.m covered warehouses.
• Marine Services (P&O Maritime) 24/7 marine services at Limassol Port in partnership with P&O Maritime, providing berthing, pilotage, tug boat, and mooring boat services for all vessel types.
• Freight Forwarding (DSV) Sea freight, air freight, and land forwarding services through partnership with DSV. Handles full containers, groupage, pharma and healthcare logistics, aircraft chartering, and marine parts logistics with DSV's global network of 80+ countries, 1,600 offices, and 75,000 employees.
• Warehousing & Distribution Logistics (3PL) Third-party logistics (3PL) services through G.A.P. Express Logistics operating Cyprus's largest owned distribution network serving FMCG, chilled/frozen food, HORECA, retail, fashion, electronics, healthcare, cosmetics, and oil & gas industries. 100,000 pallets/year and 2.5M pickings/year.
• Customs Clearing & Bonded Warehousing Licensed customs broker and bonded warehouse operator since 1988 handling operations at Nicosia, Limassol, and Larnaca ports plus Larnaca and Paphos airports. 11,500+ customs clearances annually, 6,000+ Intrastat entries, 4,500 sq.m bonded warehouse space.
• Airport Ground Handling (Swissport) Airline ground handling services at Larnaca and Paphos airports through partnership with Swissport International. Swissport handles 850 airlines at 300 airports globally, serving 265M+ passengers annually.
• VTW Water Treatment Services Specialized eco-friendly water treatment services worldwide using natural ingredients and high surface tension technology. Treats organized beaches, coastlines, marinas, seaports, rivers, water reservoirs, and dams; evaporates organic compounds including Total Petroleum Hydrocarbons without disturbing aquatic ecosystems.
• Insurance Services Complete spectrum of insurance products representing international 'A'-rated insurance companies. Lloyd's Coverholder. Covers marine cargo, commercial property, employers liability, public/product liability, personal accident, travel, motor, yacht, credit, and goods-in-transit insurance through partners including AXA XL, IGI, Allianz Trade, Atradius, Coface, IMG Europe, and Pantaenius.
• Hotels (The Classic Hotel & Americana Hotel) Owns and operates The Classic Hotel in Nicosia city center (member of The Great Hotels of the World, 57 guestrooms, 6 conference areas, TripAdvisor Certificate of Excellence) and The Americana Hotel near Baker Street, London. Centrally located accommodations with conference facilities, free WiFi, and personal service for business and leisure travelers.
• Travel & Tourism IATA member providing complete travel solutions including online airline and hotel reservations, business travel management, 24/7 emergency service, MICE (meetings, incentives, conferences, events), marine services, Caribbean Super Clubs holidays, Universal Studios packages, and cruises.
• HR Management (Manpower) Represents Manpower in Cyprus, offering HR services, outplacement, payroll and HR outsourcing, professional resourcing, recruitment solutions, and salary benchmarking. Manpower places 3.4M people annually with 400,000 clients across 80 countries.
• Technology Staffing (Andersen) Technology staffing and digital transformation solutions in partnership with Andersen, a global software development company with 3,500+ professionals and 1,000+ IT projects. Covers custom software development, mobile/web development, AI, DevOps, QA, and UI/UX design across Angular, React, Java, .NET, Python, Node, Ruby, Golang, Rust, Android, iOS, React Native, and Flutter.
• Naval & Military Operations Comprehensive military logistics services for UNIFIL operations from Limassol Port Naval Base, including ship husbandry, ship supplies, bunkering, shore base logistics, cargo, marine parts, and airport logistics. 24/7 operations for 15+ years; awarded 'Top Military Logistics Services Provider in Europe - 2024' by Aerospace & Defense Review.
• Shipping Agency (Hapag-Lloyd & ONE) Acts as shipping agent in Cyprus for Hapag-Lloyd (264 vessels, 2.9M TEU container capacity, 113 liner services to 600+ ports) and Ocean Network Express (224+ vessels, 120+ countries). Provides weekly arrivals/departures, real-time track & trace, and online booking.
• Airlines Representation (GSA) General Sales Agent representing airlines in Cyprus and Greece including UPS Air Cargo, Gulf Air, TAROM (SkyTeam member), Norwegian Air Shuttle, Bridges Worldwide, Poste Air Cargo, and Hong Kong Air Cargo. Handles cargo and passenger sales representation across the region.
• PEPPOL E-Invoicing Platform Electronic invoicing platform connecting suppliers and customers through PEPPOL-certified EDI protocol for standardized e-ordering, e-invoicing, electronic credit notes, and advanced shipping notifications. Reduces operating costs, eliminates order mistakes, and enables effective supply chain communication.
• Corporate International Payments (Convera) Business international transaction management in association with Convera. Offers competitive FX rates in 130+ currencies across 200+ countries, dedicated FX specialist support, fast efficient transactions, and same-day beneficiary payments.
• MGR Air Cargo Freight Forwarding Air cargo deconsolidation services (established 2007) and IATA member since 1989. Provides competitive air and sea freight rates, Saturday pickups, 20,000+ sq.m warehousing, 4,500 sq.m bonded warehouse, customs clearing, dangerous goods handling, and professional packing.
• Ship Provisions & Supplies Operations Full range of ship supplies to container, tanker, bulk, RO-RO, and cruise vessels. Services include food provisions, water supplies, underwater ship servicing, garbage collection, fuel and engine oils, spare parts, deck/engine stores, crew changes, medical support, customs clearance, and bonded stores, available 24/7.
• Merchandising Services (Talanton) Third-party merchandising services in partnership with Talanton (ISO 9001:2008 certified). Conducts approximately 200,000 store visits annually across Cyprus and Greece. Services include category management, plan-o-gram implementation, shelf replenishment, POS advertising, FEFO control, price checking, and real-time reporting.

Quantifiable outcome

• 11,500+ customs clearances and bonded operations annually
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature4 records

Partnerships

25 partnerships are on record, tiered minor, flagship and core.

• Hong Kong Air CargominorChannel Partner/ Reseller/ Distributor · 1 April 2026All-cargo airline established 2017 with Airbus A330 freighters serving Asia, Europe, and beyond including Larnaca and Athens.
• finmidflagshipStrategic or Co-development Partner · 23 January 2026Launched Sliq Boost embedded lending platform providing up to €30,000 financing to 5,500+ Cyprus merchants with 48-hour funding and sales-linked repayment via Vpayments data.
• DP WorldcoreStrategic or Co-development Partner · 1 February 201725-year concession partnership for Limassol Port multi-purpose and cruise terminal operations (300,000 sq.m terminal, 1,600m quays). G.A.P. handles general cargo, container handling, RO/RO, naval ships, and cruise vessel operations with full stevedoring services.
• P&O MaritimecoreStrategic or Co-development Partner · 1 February 201715-year partnership for marine services at Limassol Port including berthing, pilotage, tug boat services, and mooring boat services operating 24/7.
• Swissport InternationalcoreStrategic or Co-development PartnerAirport ground handling services at Larnaca and Paphos airports through Swissport partnership, providing services for 850 airlines at 300 airports globally.
• Western UnioncoreChannel Partner/ Reseller/ DistributorMaster Agent of Western Union in Cyprus, UK, Holland, Belgium, Luxembourg, Germany, and Ireland for international money transfers with 550,000+ agent locations worldwide.
• WorldlinecoreTechnology or IntegrationCard processing and cashless payment solutions throughout Europe via Vpayments brand. Includes instore, online, mobile payments, and omni-channel solutions.
• ManpowercoreChannel Partner/ Reseller/ DistributorHR management services representing Manpower - the leading global workforce solutions company. Manpower connects 600,000+ people to work daily, placing 3.4 million people into jobs annually.
• DSVcoreStrategic or Co-development PartnerSea freight, air freight, and land forwarding services through DSV partnership (since 2020). DSV has 80+ countries, 1,600 offices, 75,000 employees, 2.7M TEUs annual sea freight volume.
• ConveracoreTechnology or IntegrationCorporate international payments enabling competitive exchange rates in 130+ currencies across 200 countries with dedicated FX specialist support.
• Lloyd's InsurancecoreChannel Partner/ Reseller/ DistributorLloyd's Coverholder providing access to 'A' rated insurance companies and Lloyd's syndicates. Lloyd's has £25bn+ gross written premiums and covers 95% of FTSE 100 companies.
• AXA XLcoreChannel Partner/ Reseller/ DistributorProperty, Casualty, and Re-insurance services with A ratings from A.M. Best, Fitch, Moody's, and S&P. Capital of $17bn with net premiums of $10bn.
• IGI (International General Insurance)coreChannel Partner/ Reseller/ DistributorInternational insurance with A-/Stable rating from S&P and A/Stable from AM Best. 2019 net earnings of $23.5M with assets exceeding $1,009M.
• Atradius, Euler Hermes, CofacecoreChannel Partner/ Reseller/ DistributorCredit insurance partnerships providing protection against non-payment risk for businesses supplying goods/services on credit terms.
• Hapag-LloydcoreChannel Partner/ Reseller/ DistributorShipping agency representation through G.A.P. Vassilopoulos Shipping Limited. Hapag-Lloyd operates 264 vessels with 11.8M TEU transport volume across 398 offices in 135 countries.
• ONE (Ocean Network Express)coreChannel Partner/ Reseller/ DistributorShipping agency through G.A.P. Vassilopoulos & James Louisides Ltd. ONE operates 224+ vessels with extensive liner network covering 120+ countries.
• Multiport Ship Agency NetworkcoreChannel Partner/ Reseller/ DistributorCyprus member of world's largest independent ship agency network (since 1978). Multiport handles 10% of worldwide agency business by port call across 1,800 ports.
• Gulf AircoreChannel Partner/ Reseller/ DistributorGeneral Cargo Sales and Service Agent for Cyprus and Greece. Gulf Air operates since 1950, serving 43 cities in 24 countries across 3 continents.
• UPS Air CargocoreChannel Partner/ Reseller/ DistributorAir cargo services through UPS subsidiary with access to global cargo network, Boeing 747 and 767 freighters, serving 200+ countries.
• Tarom Romanian Air TransportminorChannel Partner/ Reseller/ DistributorSkyTeam member operating 50+ destinations with fleet of 24 aircraft. Established 1954.
• Norwegian Air ShuttleminorChannel Partner/ Reseller/ DistributorSecond-largest airline in Scandinavia with 104 aircraft including Boeing 737-800s and 787 Dreamliners. Operates 416 routes to 126 destinations.
• Poste Air CargominorChannel Partner/ Reseller/ DistributorItalian air cargo carrier (since 1981) transporting 19,800+ tons annually with 99.8% regularity index. Operates Boeing 737 freighters.
• TALANTONcoreChannel Partner/ Reseller/ DistributorThird-party merchandising services with ISO 9001:2008 certification. Conducts approximately 200,000 visits annually in marketplace with 150+ merchandisers.
• AndersencoreTechnology or IntegrationTechnology staffing and digital transformation solutions. Andersen has 1,000+ IT projects, 3,500+ professionals, 98% client satisfaction across financial services, healthcare, logistics, and other industries.
• MGR Air Cargo DeconsolidatorscoreStrategic or Co-development PartnerAir cargo deconsolidation services established 2007 with 20,000+ sq.m warehouse space. Competitive air/sea rates, Saturday services, customs clearing.

Scale indicators12 records

Recent moves7 records

Direct peers

• DSV A/S: Global freight forwarding and logistics giant with sea, air and road forwarding; GAP is an authorized DSV service contractor in Cyprus for freight forwarding — directly comparable in freight-forwarding service offering and customer base.
• Western Union: Global money-transfer network where GAP is Master Agent across multiple European countries — comparable in cross-border consumer money transfer and remittance services.
• DP World: Global port operator; GAP holds a 25-year concession with DP World at Limassol port — comparable in port operations, marine services, and stevedoring, and a key commercial partner/peer in maritime logistics.
• ManpowerGroup: Global workforce solutions and staffing company that GAP represents in Cyprus — directly comparable in HR outsourcing, recruitment, and payroll services.
• Swissport International: Global leader in airport ground handling serving 850+ airlines; GAP partners with Swissport at Larnaca and Paphos airports — directly comparable in aviation ground-handling services.

Broad incumbents

• Kuehne+Nagel International AG: One of the world's largest freight forwarders offering sea, air, road and contract logistics — directly comparable to GAP's freight forwarding, contract logistics, and customs clearance service lines across global geographies.
• Expeditors International of Washington: Global logistics company focused on air and ocean freight forwarding plus customs brokerage — closely comparable to GAP's freight forwarding, customs clearing, and warehousing operations.
• C.H. Robinson Worldwide: Large 3PL provider with freight forwarding, customs, and contract logistics services — comparable to GAP's 3PL, customs clearance, and warehousing offerings.

Regional players

• Atlantica Hospitality: Regional hotel operator with properties across the Eastern Mediterranean and Latin America — comparable to GAP's owned hotel operations (The Classic Hotel Nicosia, Americana Hotel London) and travel/tourism business unit.
• Hellenic Telecommunications Organization (OTE): Large listed Greek telecom and ICT group with diversified subsidiaries across South-East Europe — comparable as a publicly listed, family-anchored Southern European conglomerate with multiple operating businesses across borders.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/GapVassilopoulosGroup
• LinkedInlinkedin.com/company/gap-vassilopoulos
• Instagraminstagram.com/gap.vassilopoulos.group

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about G.A.P. Vassilopoulos