Aramex to fully acquire e-commerce platform MyUS in $265m deal

RIYADH: Dubai-based logistics company Aramex has signed an agreement to fully acquire cross border e-commerce platform MyUS in a $265 million deal. 

The US-based company provides package forwarding solutions to customers who shop from retailers based in the US, UK and China, according to a statement. 

The deal comes in line with Aramex’s strategy to expand its cross-border operations and to capitalize on the attractive growth opportunities from a fast-growing $4 trillion global e-commerce sector.