Aramex, the leading global logistics and transportation solutions provider, today announced the acquisition of a 25% stake in WS One General Trading LLC (WS1), a UAE cross-border parcel consolidation service provider operating out of Ohio, in the United States. The deal value is AED 9 million.
WS1 is a rapidly growing company that adds considerable value to the e-commerce logistics value chain. WS1 consolidates and ships packages to customers around the world. The company provides its global customer base with WS1 addresses to enable the purchase of online goods with economical delivery options. Once packages are received in the US, WS1 through its professionally managed warehouse ships them to over 20 different countries. This ensures the most efficient, cost-effective and secure shipping options for its customers, 40% of which already use Aramex.
The new deal will strengthen Aramex’s e-commerce business and support its mission of facilitating enhanced cross-border trade. WS1’s asset-light business model also makes it a strong fit for Aramex’s global network. Maintaining low ownership of warehouse and transportation assets, WS1 works with global courier partners to maximize efficiencies and reduce costs. By consolidating freight, it ensures that its customers pay the lowest possible delivery costs.
Via: aramex.com