Aramex, the global logistics and transportation solutions provider, today announced two key acquisitions in Kenya, underscoring the company’s commitment to expanding its footprint in emerging markets, including strengthening its coverage in Kenya and the wider East Africa region.
Aramex has acquired OneWorld Courier, a leading Kenyan courier and freight operator serving the domestic market, East Africa and a wide range of global destinations, and In-Time Couriers, a Nairobi-based domestic delivery firm established in 1995. Through these acquisitions, Aramex will establish a strong presence in one of Africa’s key markets, with a population in excess of 40 million and the largest economy in East and Central Africa.
“We are extremely pleased to announce these two significant acquisitions in Kenya, which position Aramex to introduce its full suite of products and services to the wider East Africa region,” said Hussein Hachem, Aramex CEO for Middle East and Africa. “Aramex continues on its accelerated expansion drive in a range of emerging markets, particularly in Africa and Asia, and looks forward to making further announcements in this regard throughout this year.”
The company’s acquisitions in Kenya follow a series of recently formalized international partnerships and acquisitions, including in Turkey, Malaysia, Bangladesh and Vietnam. Through this strategic expansion strategy, Aramex is building a more geographically robust network capable of providing comprehensive logistics and transportation services.
“Aramex has firmly established a reputation for operational reliability and customer service excellence in all the markets it serves,” said Samer Gharaibeh, Aramex Chief Executive Officer for Africa. “Following the acquisition of OneWorld and In-Time, we are now well positioned to extend the full range of Aramex services across Kenya, East Africa’s transport hub, and from there to regional and international markets.”
Through its presence in Kenya, Aramex intends to introduce a broad portfolio of logistics and transportation solutions, such as third-party logistics centers in Nairobi and Mombasa, international and domestic express delivery, freight forwarding, secure records and information management solutions, and e-services such as e-commerce solutions and Shop&Ship, the company’s online shopping delivery service.
“The opportunities in Kenya, which has an open-market economy and liberalized external trade system, are clearly tremendous. Our planned third-party logistics center in Mombasa will improve the replenishment cycles for our international customers and significantly reduce the time needed to deliver their products to markets in East Africa,” said Gharaibeh.
“Kenya has a large domestic consumer base and is located in close proximity to key markets in the Middle East and Africa, offering connectivity to fast-growing East African nations such as Burundi, Tanzania, Rwanda and Uganda,” he added. “We strongly believe that these acquisitions will provide us with a strategic foothold in a market that also serves as a bridge between East Africa and Asian markets such as China and India, leading to a significant, sustained contribution to Aramex’s global operations.”