Fastway Limited – sale to Aramex
Miles Advisory Partners acted as advisor to the shareholders of Fastway Limited on the sale of their business to Aramex (DFM: ARMX)
Transaction Details
Sector
Industrial
Miles Role
Sell-side advisor to the shareholders of Fastway Limited
Deal Type
Business Divestment
Year Completed
2016
Contacts for this Transaction
Lloyd Way
Managing Director
Overview
- Established in New Zealand in 1983, Fastway Limited is a leading courier service provider operating an asset-light franchise model across Australia and New Zealand, with a global network of 63 regional depots and more than 1,500 courier franchisees
- Aramex (DFM: ARMX) — a leading global logistics and transportation group listed on the Dubai Financial Market, employing more than 13,900 people across 354 locations in 60 countries — acquired Fastway as its second Asia-Pacific acquisition, establishing first-time presence in New Zealand and strengthening its existing Australian operations
- The acquisition aligned closely with Aramex’s asset-light growth strategy — Fastway’s independent franchisee model, under which couriers use their own vehicles for pickup and delivery, directly complemented Aramex’s own operating model and e-commerce delivery proposition
Regulatory Considerations
The transaction required approval from New Zealand’s Overseas Investment Office (OIO) prior to completion, reflecting the cross-border nature of the acquisition by a UAE-listed acquirer
Further information on this transaction is available at: AFR Article
