Aramex buys stake in WS One Investment
Aramex is to buy a 25% stake in cross-border mailbox consolidation services provider WS One Investment. The Aramex Board approved the acquisition at a meeting on Sunday (24 May).
According to a statement filed by Aramex with the Dubai Financial Market, WS One Investment LLC is “a company duly incorporated under the laws of Dubai, the UAE, providing cross border mailbox consolidation services with operations out of Ohio in the United States”.
Amarex is paying approximately AED 9,000,000 (nine million Dirhams) for its stake.
Last year, Dubai-based Aramex bought Australia-based Mail Call Couriers and South Africa-based PostNet.
Click here to view the announcement from Aramex.
