x Abu Dhabi, UAEThursday 27 July 2017

Aramex pays A$3m for Australian Mail Call Couriers

Servicing Sydney and Melbourne, the Australian courier company made a name for its e-commerce options such as delivery within three hours and during evening hours.

Aramex actively pursue acquisitions in sub-Saharan Africa and Asia, according to chief executive Hussein Hachem. Pawan Singh / The National
Aramex actively pursue acquisitions in sub-Saharan Africa and Asia, according to chief executive Hussein Hachem. Pawan Singh / The National

Aramex, the Dubai-listed courier, has acquired Australian Mail Call Couriers for A$33 million (Dh113.9m) to expand its Asia-Pacific market, especially in the e-commerce segment.

Based in Sydney, Mail Call Couriers has operations in Melbourne and Perth, and made a name for its e-commerce options such as delivery within three hours and during evening hours. Mail Call Couriers has a fleet of 300 vehicles, including bikes and trucks. There will be no job cuts, according to Aramex.

The Australian e-commerce market was expected to touch US$34.8 billion last year, with groceries taking the second spot after travel spendings online, according to a Paypal Australia report from 2012.

About 70 per cent of the purchases involve domestic retailers, but shoppers in that country are increasingly buying from abroad.

“We will be taking Mail Call Courier’s specialised WantItNow technology and applying it to our other e-commerce markets across the globe,” said Hussein Hachem, the chief executive of Aramex. “We intend to offer shop-and-ship to our Australian customers, enabling them to shop from the United States, Europe and Asia-Pacific regions.”

The WantItNow service offers same-day delivery for online shoppers. The Australian company ties up with 70 retailers for the service.

Aramex reported a 14 per cent increase in its net profits to Dh78.7m in the first quarter, driven by its growth in the Middle East, sub-Saharan Africa and Asia. Its revenues increased 6 per cent to Dh852m.

“We will be actively pursuing acquisitions in sub-Saharan Africa and Asia, expand our oil and gas services in North and East Africa, and will continue to build on our e-commerce proposition through the remainder of [this year],” said Mr Hachem while announcing the results.

ssahoo@thenational.ae

Follow us on Twitter @Ind_Insights