Aramex, the Middle East-based express and freight transport group, is planning acquisitions to “goglobal”, CEO and founder Fadi Ghandour, told CEP-Research in an interview. The company expects
organic growth of 20-25% this year.The company, which floated on the Dubai stock exchange last year, is targeting well-managedand profitable medium-sized companies that it could integrate easily, he said at this week’s WorldMail & Express Logistics Middle East, Africa & South Asia conference in Dubai.
“We need to go global. We need to get into strategic markets such as the USA and Chinathrough acquisitions,” Ghandour declared. In the USA, regional gateways to cover key markets wouldbe sufficient, he noted. “We have identified companies that we are interested in. We hope for oneacquisition this year,” he disclosed.
Aramex is expecting overall organic growth of 20-25% this year, Ghandour said. In Dubai it isgrowing at about 20% compared to market growth of 15-20%, while it is also growing fast in SaudiArabia, he added. In India, it is still looking for acquisitions “if they come along” but isnow planning to grow organically, he added.
The company, whose freight operations have now outgrown express and generate more than 50% ofrevenues, is seeing increasing customer demand for logistics services, Ghandour said. “Aramex cando the whole warehousing and distribution. We have the infrastructure for the whole process,” hecommented.
