MyUS last year generated more than $100 million in revenues and delivered 1.1 million packages to customers, primarily those who shop from retailers based in the US, UK and China. The US-headquartered company lists about 180,000 active customers. The company has 300 employees, the majority based in the US.
“Aramex has become an even more competitive player in the cross-border e-commerce space,” said Othman Aljeda, CEO. “Given how complementary MyUS’s business is to ours, we believe our wider stakeholder universe will realize the immediate and long-term positive benefits of this acquisition.
“Our shareholders will immediately see the impact on financial performance, and over the long term we can unlock further value through operational and cost synergies. Our customers are set to benefit from further enhanced network coverage and service excellence from first to last mile. Our employees will benefit from knowledge sharing, further developing their expertise in the cross-border express business, including learning and adopting MyUS’s leading proprietary software.”
