GeoPost acquires close to 22% shareholding in Aramex

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GeoPost/DPDgroup, a subsidiary of Groupe La Poste, has announced that it has acquired a 21.6% stake in UAE delivery firm Aramex.

Boris Winkelmann, chairman and CEO of GeoPost/DPDgroup, said, “The investment in Aramex is part of GeoPost’s international development. Aramex is already a key partner of GeoPost. Our two companies have been working together for 10 years, leveraging on GeoPost/DPDgroup’s strong presence in the European parcel delivery market and Aramex’s powerful international network in the Middle East, Asia, Africa and Oceania.”

Aramex is a listed entity on the Dubai Financial Market and the investment was purchased through a combination of direct and open market transactions. The investment is subject to notification to the regulatory authorities.

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Dan originally joined Parcel and Postal Technology International in 2014 having spent the early years of his career in the recruitment industry. As online editor, he now produces daily content for the website and supports the editor with the publication of each exciting new issue. When he’s not reporting on the latest technological developments, Dan can be found on the golf course or apprehensively planning his next DIY project.

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