Aramex to acquire MyUS from Palm Beach and Logisticap for $265m.

Aramex, a provider of comprehensive logistics and transportation solutions, agreed to acquire MyUS, a provider of shipping and package forwarding services, from Palm Beach, a private equity investment firm, and Logisticap for $265m. “MyUS's business and expertise are a natural extension of our solutions, a complementary to our flagship product- Shop & Ship, and we see significant benefits to be derived from this acquisition. We believe this transaction will open new trade lanes for both companies, as well as increase trade flow from major global trade hubs into the Middle East, where Aramex is a leading player. We are acquiring a profitable business and this transaction is value accretive to Aramex and our shareholders. It will also create great value for our customers and partners," Othman Aljeda, Aramex CEO.