Aramex expands in Turkey and Asia

Aramex has increased its shareholding of Aramex Turkey to 100%, positioning Aramex as a fully committed logistics and supply chain provider in Turkey and enabling greater of flexibility to expand its presence and invest further in the world’s sixteenth largest economy.

Aramex has also acquired a majority stake in Avanti, a Malaysia-based express courier company. The acquisition gives Aramex a platform to enter the country’s expanding logistics and supply chain sector, and paves the way for Aramex to introduce its full suite of products and services in Malaysia.

Aramex has also acquired a majority stake in Expo Express Services, the company’s subsidiary in Bangladesh. The transaction reinforces Aramex’s operations in this high-growth Asian nation, where pro-investment government policies, a sustained influx of MNCs and continued expansion in exports have boosted the country’s year-on-year GDP growth to between 5% and 6% since 1996.

In Vietnam, Aramex has formed a joint venture partnership with Masan Services, a wholly owned subsidiary of Masan Corporation. This partnership will enable Aramex to start introducing its complete range of products and services in Vietnam in 2011.

According to Othman Aljeda, CEO of Aramex Asia, these acquisitions and joint ventures are a culmination of Aramex’s efforts over the past two years towards building a comprehensive network in Asia.