Dubai-based Aramex Company announced on Tuesday that is plans to make at least two acquisitions in 2015 as part of its growth and expansion strategy.

Aramex founder and Vice Chairman Fadi Ghandour stated that it is planning to acquire companies in emerging markets in Africa, Asia and Turkey.

Commenting on Aramex’s statements, MubasherTrade said it believes that this announcement reiterates the Company's focus on inorganic growth, targeting the emerging markets especially Africa.

“We believe the acquisition targets will be in the express segment, in line with Aramex's strategy to increase the contribution of higher margin business to consumer (B2C) segments,” MubasherTrade added.

Furthermore, EFG Hermes set Aramex’s fair value, on Tuesday, at AED 3.95, following the announcement and set the recommendation “buy” for the stock.

The Dubai-based logistics and transportation solutions provider had recently acquired Australia’s Mail Call Couriers. Moreover, Aramex had acquired South African courier company Berco Express in 2011, as part of its expansion plans in the African continent.

Aramex’s capital amounts to AED 1.464 billion divided on 1.464 billion shares at par value AED 1 per share.