Aramex, a Dubai-based courier company, has spent $16.5m acquiring the master franchise for South Africa’s PostNet from OneLogix Group, pressing forward in its African expansion.
PostNet is a courier service and retailer with 287 stores across South Africa providing delivery, printing and copying services, and vending mailboxes and stationery.
Each of the stores will continue to be owned and operated by its respective franchisees, but with Aramex now holding the master franchise.
Aramex, which competes with global giants such as DHL and FedEx, has been focusing on expanding into Africa for some time, first acquiring South African logistics and transportation company Berco Express Ltd in 2011.
CEO Hussein Hachem announced his eagerness to accelerate its expansion into Sub-Saharan Africa in March, and to consider up to $200m in acquisitions on the continent over the next a year and a half.
“We’re very bullish in our acquisitions … if it fits our strategy and allows us to go into new territories,” he said. “We’ll be deploying all of our energy to have successful acquisitions. It’s time to scale up.”
Aramex already has a strong presence on the African continent following its acquisition of South Africa’s Berco Express and Kenya’s Oneworld Courier and In-Time Couriers.
The company is also present in Tanzania, Uganda, Namibia, Botswana and Zambia, and has franchising agreements that cover further countries, including Nigeria and Ghana.