Dubai - Mubasher: Aramex has signed a binding agreement to fully acquire Access USA Shipping (MyUS), a US-based technology-driven platform that enables cross-border e-commerce, in exchange for $265 million.
Both companies will explore several benefits from the acquisition, including operational synergies and improved efficiencies, shared technology platforms, and the opportunity to serve new markets, according to a recent press release.
The transaction aligns with Aramex’s strategy to expand its cross-border operations and unlock growth opportunities in the e-commerce sector worth $4 trillion.
The CEO of Aramex, Othman Aljeda, said: "We believe this transaction will open new trade lanes for both companies, as well as increase trade flow from major global trade hubs into the Middle East, where Aramex is a leading player."
Meanwhile, the CEO of MyUS, Ramesh Bulusu, commented: "This acquisition allows our customers and business partners to benefit from Aramex’s global network, international expertise, and scale, while still being able to enjoy our personalized, tailored solutions."