Logistics firm Aramex acquired 100% of Ireland-based freight forwarder Hawthorne Logistics Solutions for EUR 2.5 mn, buying out individual shareholders Martin Cunningham and Terrance John Allen, according to a DFM disclosure (pdf). The fully equity-financed transaction carries a potential earnout of up to EUR 1.7 mn.

This is less about scale and more about stitching routes: The acquisition bolsters Aramex’s European freight footprint and deepens its cross-border play, with management pointing to synergies, efficiency gains, and cross-selling upside. The impact should start flowing through as early as 1Q results, they said.

Tags: