In 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.”
Via: aramex.com