ARAMEX acquires a leading Egyptian freight forwarding company
ARAMEX has announced that it has acquired Egypt-based Freight Professionals, a leading freight forwarding company specializing in air and sea freight.
With this acquisition, ARAMEX will consolidate its presence in Egypt as a major player providing a full, multi-modal transportation link to every country in the world as well as full coverage of the domestic local market. Operational since 1995, Freight Professionals employs 86 people and has offices at Alexandria’s and Cairo’s Airports as well as at Port Said, in addition to its main offices in Cairo. The company also provides customs brokerage services in the respective ports. Mr. Fadi Ghandour, President and Chief Executive Officer of ARAMEX, said: ‘The decision to acquire this excellent freight forwarding company fits perfectly within our strategic direction of solidifying and expanding our presence in the region. Freight Professionals provides us with a clear competitive advantage in the Egyptian market, adding new expertise, specifically in Sea Freight. The synergy of Freight Professionals with ARAMEX in Egypt is strong and will help us provide the market with complete supply chain solutions.’
