Dubai listed firm Aramex acquired South African firm for $55 million

Aramex, a Dubai-based logistics firm, has acquired Berco Express, a South African logistics and transportation firm, for $55.5 million.

Established in 1982 and traded on the NASDAQ from 1997 to 2002, Aramex today is a publicly traded company in Dubai employing more than 9,000 people.

(Fadi Ghandour, founder and CEO of Aramex is an active angel investor from the Middle East. More details about his investment firm "MENA Venture Investments" can be found in the Middle East Investors Directory under the code SINX1)

More details follows