UAE’s Aramex to sell Sydney courier unit to Australia Post
The logistics company acquired Sydney-based Mail Call Couriers in 2014
UAE logistics company Aramex has announced it is selling Mail Call Couriers, the Sydney-based courier service it acquired in June 2014, to Australia Post.
In a bourse statement, Aramex said it would sell the company to Australia’ Post’s StarTrack Courier unit and form a joint venture with the company focussing on e-commerce in Asia.
This joint venture will then acquire Australia Post’s StarTrack International global e-commerce postal business and build its capabilities.
“We are delighted to announce this joint venture with Australia Post, and we look forward to combining our resources and expertise to build a compelling global e-commerce delivery platform,” said Aramex chief executive Hussein Hachem.
Mail Call Couriers provides express courier delivery in Australia’s metropolitan markets, including a three hour and evening e-commerce delivery service.
When Aramex acquired the firm in 2014 it said it would strengthen its Asia Pacific footprint and grow its e-commerce platform in the region.
Read: Aramex Acquires Australia’s Mail Call Couriers
Australia Post managing director and group chief executive Ahmed Fahour said he expected the deal to grow the local e-commerce market and capture more inbound e-commerce parcel volumes.