Logistics
News
ARAMEX EXPANDS
GLOBAL FOOTPRINT
WITH ACQUISITION
OF FASTWAY LIMITED
I
n a recent expansion of its
global presence, Aramex,
a leading global provider of
comprehensive logistics and
transportation solutions, today
announced its acquisition of
Fastway Limited (Fastway Couriers), a leading courier service provider headquartered in
New Zealand. The deal is Aramex’s second acquisition in the
Asia-Pacific region to date and
involves a 100 per cent buyout
of the company’s business in
New Zealand and Australia for
NZD $125.277 million (Approximately AED293.650 million).
Established in New Zealand in
1983, Fastway Couriers’ global
network includes 63 regional depots and 1,500 courier
franchisees across Australia,
New Zealand, Ireland, Northern Ireland and South Africa.
With more than 250 franchise
partners across New Zealand
alone, the company transports
16 million parcels globally to
75,000 customers each year.
Its courier franchisees offer
cost effective, reliable and fast
delivery services and are supported by the latest innovative
technologies and online parcel track and trace facilities.
Commenting on the acquisition,
Hussein Hachem, Chief Executive Officer of Aramex said:
“We are excited to add Fastway
Couriers to Aramex’s global
network. The company has a
strongly performing business, a
well-recognised brand, a leadership position in the Asia-Pacific market, an excellent management team and large global
customer base. Following our
recent deals in Thailand and
Australia last year, acquiring
Fastway Couriers is the next logical, strategic move for us. Having scalable synergies with our
own infrastructure and extending our reach across the region,
the acquisition now makes us
present in New Zealand for the
first time and strengthens our
existing operations in Australia.
Enhancing and expanding our
operations in the region also allows us to further contribute to
the development of Asia-Pacific’s e-commerce sector and
facilitate cross-border trade.”
Further commenting on the acquisition, Othman Aljeda, Chief
Executive Officer of Aramex
Asia said: “This deal gives us
significant opportunities to ex-
pand our e-commerce proposition and take advantage of the
increasing demand for online
shopping delivery solutions and
small parcel delivery services in
the Asia-Pacific. New Zealand
and Australia are two of the
most rapidly growing e-commerce markets in the region
and by acquiring Fastway Couriers we can now serve more
businesses and consumers
shopping online. Extending our
operations to New Zealand and
enhancing our existing business
in Australia also strengthens our
wider Aramex global network.”
This move further deepens Aramex’s operations across the
Asia-Pacific region, which was
the largest e-commerce market
in the world this past year. Its
total B2C e-commerce turnover reached US $770 billion,
higher than Europe and North
America. Asia-Pacific’s B2C
e-commerce market is also
February 2016
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