NewsTop StoriesUAE

Dubai’s Aramex buys Fastway Couriers’ NZ, Australia

u

Aramex has acquired Fastway Couriers’ New Zealand and Australian business for NZ$125.28 million ($80.59 million), the Dubai-based logistics company said in a filing to the exchange on Thursday.

The transaction comes a day after Aramex announced it had acquired a 25 per cent stake in WS One General Trading, a UAE cross-border parcel consolidation service, for 9 million UAE dirham ($2.45 million).

In October, Aramex Chief Executive Hussein Hachem said the company has several acquisitions in the pipeline and is expecting to close deals valued in the range of $150 million in the next two quarters.

Fastway Couriers has more than 250 franchise partners in New Zealand and 800 in Australia, according to the statement.

NMTV

NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

Related Articles

Back to top button
Close
Close