City Couriers buys stake in Fastway Couriers (SA) for their ecommerce solution.

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Both companies have identified the same trends and opportunities in the market, and believe that bringing together the two companies will enable them to offer customers a more powerful and appropriate product offering. Ownership was a logical step to cement their respective commitments to this venture.

Richard Robinson, CEO of Fastway, said that Fastway has worked hard over the last few years to build its national parcel delivery network and its now ideally positioned for exponential growth. That growth, he believes, can be more rapidly realized alongside a large partner like City Couriers – “We are excited to be working with City Couriers to unlock value in currently unserviced market segments”, he said.

Ryan Gaines, Managing Director of City Couriers, said that City Couriers has grown significantly over the last 5 years. Our focus on solutions that enable our customers’ success has been effective. We see a partnership with the Fastway team  as an exciting opportunity to reach a new market and to extend our offering to new and exciting customers. With the growth of E-commerce we are jointly well positioned to provide an innovative, holistic solution.