GeoPost/DPDgroup, a subsidiary of the Groupe La Poste, announced it has acquired 21,6% of the outstanding share capital of Aramex.
Boris Winkelmann, Chairman and CEO of GeoPost/DPDgroup, said: “The investment in Aramex is part of GeoPost’s international development. Aramex is already a key partner of GeoPost. Our two companies have been working together for 10 years, leveraging on GeoPost/DPDgroup’s strong presence in the European parcel delivery market and Aramex’s powerful international network in the Middle East, Asia, Africa and Oceania.”
Aramex is a listed entity on the Dubai Financial Markets and the investment was purchased through a combination of direct and open market transactions. This investment is subject to notification to the competent regulatory authorities.
DPDgroup is the largest parcel delivery network in Europe. The company combine innovative technology and local knowledge to provide a flexible and user-friendly service for both shippers and shoppers. With industry leading Predict service, it is setting a new standard for convenience by keeping the customers in close contact with their delivery.
With 97,000 delivery experts and a network of more than 58,000 Pickup points, it delivers 7.5 million parcels each day – 1.9 billion parcels per year – through the brands DPD, Chronopost, SEUR and BRT. DPDgroup aims to be a reference in sustainable delivery and become a leading enabler of e-commerce acceleration.