Dubai-based express and parcels carrier Aramex has expanded its regional portfolio with theacquisition of a major Egyptian freight forwarding company. This is the latest of several
acquisitions over the last year designed to broad the group’s geographical presence in the MiddleEast and South Asia region.Aramex announced that it has acquired Egypt-based Freight Professionals, a leading freightforwarding company specializing in air and sea freight. Operational since 1995, FreightProfessionals employs 86 people and has offices at Alexandria’s and Cairo’s Airports as well as atPort Said, in addition to its main offices in Cairo.
Fadi Ghandour, President and Chief Executive Officer of Aramex, said: “The decision to acquirethis excellent freight forwarding company fits perfectly within our strategic direction ofsolidifying and expanding our presence in the region. Freight Professionals provides us with aclear competitive advantage in the Egyptian market, adding new expertise, specifically in SeaFreight. Freight Professionals brings with it a large loyal customer base that we are confidentwill benefit from the multiple transportation services Aramex offers, specifically ourinternational express and domestic delivery services.”
As part of its expansion plans, Aramex has concluded a series of acquisitions, includingPriority Airfreight (a UK-based express service provider that specializes in courier trafficbetween the UK and the US), InfoFort, the leading document storage and management company in theMiddle East, and Al Khazen Distribution, the only independent publication distribution company inPalestine. This latest deal in Egypt brings the total amount invested by Aramex in acquisitionsduring 2005 to approximately AED 94 million (€21.5 million) thus far.
