Dubai-based logistics and delivery provider Aramex has acquired Fastway Limited, a 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% buyout of the company’s business in New Zealand and Australia for NZ$125.3m (US$80.9m).
Established 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. The company transports 16 million parcels globally to 75,000 customers each year.
Hussein Hachem, CEO of Aramex, said, “We are excited to add Fastway Couriers to Aramex’s global network. The company has a strongly performing business, well-recognized brand and leadership position in the Asia-Pacific market, as well as 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.”
Othman Aljeda, CEO of Aramex Asia, said, “This deal gives us significant opportunities to expand our e-commerce proposition and take advantage of the increasing demand for online shopping delivery solutions and small parcel delivery services in 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.”
January 21, 2016