Aramex International, the leading total transportation solutions provider in the Middle East and Indian Subcontinent, has concluded an agreement to acquire Dublin-based Twoway-Vanguard, a logistics and freight service provider.

The move is sure to enhance Aramex’s presence in the European transportation and logistics market and boost revenues to approximately $350 million for fiscal year 2006.
Commenting on the agreement, Fadi Ghandour, Aramex’s president and CEO, said: “We are steadily moving forward with our global expansion plan, and this acquisition is a major and very exciting step in that direction. Twoway-Vanguard is a great company that will strengthen our position in key European markets. It will also give us knowledge, management capabilities, a global multinational client base and substantial diversification in our revenue base.
The CEO of Twoway Vanguard, Tommy Kelly, retains his position in the company. “He is a great asset, with long years of pioneering and entrepreneurial work in the international logistics industry. I am also delighted that the whole management team of Twoway will stay on; they are among the best in the industry,” said Ghandour.
Twoway-Vanguard, established 20 years ago, has a 15-office network across Ireland, the UK and The Netherlands, and employs over 350 employees. The company, whose revenue in 2005 topped $85 million, offers a complete range of logistics solutions that focuses on global air freight, global ocean freight, UK-Ireland-UK express road freight and value- added logistics. 
Kelly, founder of Twoway and CEO since its inception, expressed his enthusiasm about the company’s future as part of the Aramex family. “Aramex is a unique company with a global vision in the transportation industry and we are very happy to become part of this vision.”
He said the new setup would make Twoway a stronger outfit, providing it with new technology capabilities and giving it access to Aramex’s global network, all of which would allow it to serve its clients better and with more options.       
Aramex, listed on the Dubai Financial Market, is a leading provider of total transportation solutions in the Middle East and North Africa (Mena) region and South Asia, offering express delivery, freight forwarding and logistics solutions. Founded 24 years ago, it employs over 4,800 people in 240 offices spanning five continents and has a strong global alliance network offering worldwide presence.