Global logistics provider buys SA company

Global logistics solutions provider Aramex has acquired SA logistics company Berco Express. Established in 1992 by Bernard Cox as part of the Berco Group, the company operates 15 branches throughout South Africa and employs more than 700 people. This follows Aramex's recent venture into the Chinese market with the launch of its joint venture company with SinoAir, and the acquisition of OneWorld Courier and In-Time Couriers in Kenya in the first quarter of this year. "Aramex has, for some time now, viewed South Africa as a highly attractive market with a business-friendly environment and significant growth prospects. Our acquisition of Berco Express will introduce exciting growth and development opportunities for us in Africa," said Fadi Ghandour, founder and CEO of Aramex.