Aramex to Acquire Fastway Limited

Aramex to Acquire Fastway Limited to Capture Asia-Pacific Online Growth Opportunity

• Fastway Limited acquisition underpinned by strong demand for online shopping delivery solutions

• Fastway operations to benefit from expanded regional and global footprint

• Transaction recognition of strength of New Zealand business innovation

January 21, 2016: Aramex (DFM:ARMX), a leading global provider of comprehensive logistics and transport, has received approval from the Overseas Investment Office (OIO) to acquire Fastway Limited, a leading courier service provider headquartered in Hawkes Bay, New Zealand.

The deal, valued at NZD 125,277,000 involves a 100% buyout of the company’s business in Australia and New Zealand.

Commenting on the acquisition, Hussein Hachem, Chief Executive Officer of Aramex said: “We’re excited to add Fastway to Aramex’s global network. The company has a strongly performing business, a well-recognised brand, a leadership position in the Asia-Pacific market, an excellent management team and large global customer base. Following our recent deals in Thailand and Australia last year, acquiring Fastway is the next logical, strategic move for us. Our customers and franchisees will benefit from increased efficiencies, productivity and reach and the acquisition will provide Fastway’s New Zealand operations instant access to a global network that will foster greater innovation and collaboration.”

Fastway Limited Chairman Brem Ellingham said, “Aramex recognises the strength of Fastway’s business model and the calibre of our franchise network, especially in New Zealand and Australia. This is a major milestone for our business, our franchisees and our customers. We’ve come a long way since our humble beginnings in Hawkes Bay in 1983. This latest step in the Fastway journey will provide an opportunity to further build on the value we deliver our customers and partners through improved service and product offerings and the backing of a major Global logistics player in Aramex.”

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