JSE-listed niche logistics provider, OneLogix, has disposed of its 100 percent shareholding in PostNet Holdings, the South Africa-based parcel delivery firm, to the UK-based Aramex for R190.5 million ($16.3 million).

The rationale behind the disposal of PosNet has been informed by the fact that over the past 10 years, the investment focus of OneLogix has primarily been within the logistics services segment of the group’s business, which presently contributes some 85 percent of the group’s earnings.

OneLogix has realised that PostNet will be better suited to be within an environment that offers a dedicated focus on the imperatives of its retail requirements. OneLogix would be better suited to relinquish its shareholding in a business where it cannot add real value and where this would also enable it to concentrate on acquisitive and organic activity within the specialised logistics arena.

Aramex offers customers around the world transportation solutions that range from international and domestic express delivery, freight forwarding, publication distribution, specialised shopping services, logistics and warehousing.

OneLogix has found that the core competencies of the group are to be found in this sphere of long distance transport and particularly in specialised long distance transport.

“These competencies include optimising fleet performance and other related operational skills such as workshop optimisation, fuel, tyre and spares procurement, driver management, vehicle storage and all manner of supportive control systems,” OneLogix said.

“Courier and express parcel delivery is a specialised area of logistics which OneLogix had chosen to exit several years ago. Courier and express parcel distribution is a significant component of PostNet’s product mix, which demands further specialist skills relating in particular to
retail and last mile delivery logistics,” it added.