Aramex acquires New Zealand courier company for Dh293m

Dubai:  Dubai logistics company Aramex has acquired New Zealand- based Fastway Limited (Fastway Couriers), according to a statement on Thursday.

The deal, which is Aramex’s second acquisition in the Asia-Pacific region, involves a 100 per cent buyout of the company’s business in New Zealand and Australia for 125.277 million New Zealand dollars (approximately Dh293.650 million).

Established in 1983, Fastway Couriers' global network includes 63 regional depots and 1,500 courier franchisees across Australia, New Zealand, Ireland, Northern Ireland and South Africa.