Aramex to acquire e-commerce platform MyUS in $265m deal – The National

Aramex to acquire e-commerce platform MyUS in $265m deal – The National

Aramex, the Middle East's biggest courier company, entered a binding agreement to fully acquire Florida-based MyUS for a cash price of $265 million, as part of its strategy to grow its e-commerce operations.

The deal, which is subject to closing conditions, will provide benefits for both parties including operational synergies, improved efficiencies, shared technology platforms and the opportunity to serve new markets, Aramex said in a statement on Wednesday.

"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," said Othman Aljeda, chief executive of Aramex.