Sale aligned with Aramex’s strategy to focus on core logistics operations
Aramex recently announced that it is has reached a definitive and binding agreement for a subsidiary of Iron Mountain, the US based global leader of information management services, to acquire Information, a leading records and information management provider in the Middle East, North Africa and Turkey regions.
Upon completion of the transaction, Aramex will cease to be a shareholder in InfoFort.
The disposal will strengthen Aramex’s balance sheet and result in a more focused group, consistent with management’s long-term strategy to focus its operations on the core logistics solutions services, a press communiqué continued.
“The sale of InfoFort is a major milestone for Aramex, which will allow the group to focus entirely on growing the group’s core logistics businesses globally,” affirmed Bashar Obeid, CEO, Aramex.
“We look forward to welcoming InfoFort customers and employees to Iron Mountain further building on our commitment to facilitate customers’ transformation journeys and solving their evolving business challenges,” remarked Ernest Cloutier, Executive Vice President and General Manager, Global Records and Information Management, Iron Mountain.
