Aramex founder reveals aim for two acquisitions in 2015
Founder and vice chairman of Aramex Fadi Ghandour has revealed that the Dubai-based logistics company is planning to make at least two acquisitions next year.
He made the comments to reporters at at event in Abu Dhabi this week, adding that plans are under way to acquire firms in the emerging markets of Africa, Asia and Turkey.
Aramex acquired South African logistics and transportation company Berco Express Ltd in 2011 and Australian domestic courier company Mail Call Couriers this year.
In February Ghandour said in an interview with Arabian Business that Aramex will spend up to $200m on acquisitions as part of a major strategic push into Sub Saharan Africa, describing the company as 'bullish' in its approach to acquiring firms.