Aramex expansion kicks off with UK acquisition

ARAMEX, the Jordan-based logistics firm last week acquired Priority Airfreight, a leading UK express service provider that specialises in courier traffic between Britain and the US.

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By  Rhys Jones Published  September 25, 2005

ARAMEX, the Jordan-based logistics firm last week acquired Priority Airfreight, a leading UK express service provider that specialises in courier traffic between Britain and the US. The purchase of Priority Airfreight, which boasts 25 years of experience in the express business, will significantly boost Aramex’s shipment volume between America and Europe and enhance its share of the cross-Atlantic express trade. A licensed US corporate broker and a UK import broker, Priority will also bring critical access to the US and UK markets that is sure to strengthen Aramex’s presence in the two major countries. “This strategic move by Aramex allows us to be more creative with our service offerings and more aggressive with our service performance,” said Fadi Ghandour, CEO, Aramex. “The acquisition positions us very well in an extremely competitive sector at a time of upsurge in demand and growth,” he added. The added value to Aramex’s customers is expected to be tangible and immediate, and looks set to bolster the firm’s credentials as a truly global total transportation solutions provider. Aramex, which is part of Arab International Logistics (AIL) and listed on the Dubai Financial Market recently revealed its intention to acquire companies in Britain, Ireland and the United States as part of its expansion plan. “Today, we are talking seriously with companies in Britain, Ireland and with two companies in America. Some of these negotiations are serious and advanced,” explained Ghandour. “We are looking now to acquire companies involved in logistics, air freight and express transport, which are the size of Aramex currently,” he stated, adding that he is also looking to expand into China. “If we conclude these deals ... then we expect Aramex to reach a size of not less than US$1 billion at the end of 2007,” he concluded. Aramex is also currently in final negotiations to acquire Lebanese postal service monopoly Liban Post.

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