Abraaj buys majority stake in Urbano Express

The Abraaj Group has bought a majority stake in Latin American courier and light logistics company Urbano Express. Urbano was established in Ecuador in 1996, expanding to El Salvador in 1998 and Peru in 2003. From an initial focus on postal distribution and mass mailing, the company has diversified and is now organised into five business lines: document delivery, parcel and package, external logistics, printing and document management services, and business intelligence services.

Commenting on the investment, Miguel Olea, Partner and Regional Head of Latin America at Abraaj, said, “We believe this is an opportune time to invest in the courier and light logistics sector in Latin America, which is enjoying high levels of growth as a result of strong consumer and corporate demand.

“Our investment in Urbano represents a partnership with a leading firm and an entrepreneurial management team who share our vision of growth for the business.

“Abraaj has a successful track record in the logistics sector in Asia, the Middle East and Africa and we look forward to bringing this expertise to bear in our investment in Latin America.”