Aramex on Wednesday announced that it has obtained all the necessary regulatory approvals and completed the acquisition of Access USA Shipping (MyUS), a global technology-driven platform that enables cross-border e-Commerce, for an all-cash purchase price of approximately $265 million . The transaction marks Aramex’s largest acquisition to date.
As a result of this acquisition, MyUS will be fully integrated into Aramex’s business, operating as a business unit within the company’s courier business segment. MyUS will retain its brand name and will be complementary to Shop & Ship, Aramex’s subscription-based last mile e-Commerce solutions platform. The acquisition will further strengthen Aramex’s cross-border express business by increasing shipment volumes, growing and diversifying its customer base, and expanding coverage in new origins and destinations. This transaction is also expected to be immediately value accretive for Aramex, providing strong growth in revenues, attractive profitability and superior cash conversion.