Aramex (ARMX.DU) acquired a 25% stake in WS One General Trading LLC (WS1) for AED9 million, the company announced on 20 January 2016 through a press release. WS1 is a UAE cross-border parcel consolidation service provider operating out of Ohio, in the United States. The company consolidates and ships packages to customers around the world. Currently, 40% of WS1’s customers use Aramex. WS One General provides its global customer base with WS1 addresses to enable the purchase of online goods and delivery options, once the packages are received in the US, WS1 uses its warehouse to ship them to over 20 different countries. The deal will allow for scalable synergies with Aramex’s own global infrastructure, the press release quoted the company’s CEO, Hussein Hachem. (DFM Press Release)
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