Aramex to buy 25% stake in WS One Investment

WS One Investment provides cross-border mailbox consolidation services with operations out of Ohio in the United States.
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The board of Dubai-listed logistics company Aramex has approved the acquisition of 25% of WS One Investment’s shares, according to a statement on the Dubai Financial Market (DFM) on Monday.

WS One Investment provides cross-border mailbox consolidation services with operations out of Ohio in the United States.

Last year, Aramex acquired Australian courier company Mail Call Couriers and South Africa-based retailer PostNet.

Aramex posted a 10% increase in net profit in the first quarter of 2015, compared with the same period a year ago. Revenue was up 9% compared with the first three months of 2014.

The company expects profit to grow by 10% this year, reports Gulf News.

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