Aramex, a Dubai-listed global logistics company, continues to expand globally.
Most recently, the company purchased 100 per cent of South African company PostNet from current owner OneLogix Group for US$16.5 million (€13.2 million). The PostNet chain of 287 stores provides courier and mailbox services to 55,000 customers daily across South Africa.
While Aramex will own the master franchise for PostNet in South Africa, each PostNet store in the country will continue to be owned and operated by the respective franchisees.
“Following the acquisition of Berco Express in 2011, this deal will further extend Aramex’s services to so many more locations across South Africa, with customers now being able to pick up and drop off packages from across 287 locations,” said Andy van der Velde, Chief Executive Officer of Aramex in South Africa.
Meanwhile, a joint agreement with Thai company Leo Global Logistics has been made to create Aramex Thailand, building on the company’s operations in Singapore, Malaysia, Indonesia, Hong Kong, China and Australia.
“I am delighted to announce this joint venture, which sets the stage for Aramex Thailand to play a key role in our expansion into the Asia Pacific market,” said Hussein Hachem, CEO of Aramex.
Leo Global Logistics will provide Aramex Thailand with import and export logistics capabilities in Thailand and South East Asia.