Fastway Couriers acquired by Dubai’s Aramex for $80 million
( January 22, 2016, 04:27 GMT | Insight) -- Dubai-based logistics firm Aramex has acquired New Zealand’s Fastway Couriers for NZ$125 million ($80.6 million) following Overseas Investment Office approval, Stuff reports. Fastway Managing Director Bruce Speers said the deal would enable Fastway t...Dubai-based logistics firm Aramex has acquired New Zealand’s Fastway Couriers for NZ$125 million ($80.6 million) following Overseas Investment Office approval, Stuff reports. Fastway Managing Director Bruce Speers said the deal would enable Fastway to become a global player amid consolidation in the courier market. The company’s 62 original depots and 1,500 franchisees have an annual turnover of NZ$500 million, processing more than 30 million parcels. The Aramex deal included Fastway’s New Zealand and Australia businesses but not its franchisees in South Africa, Ireland and Northern Ireland. ...
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