Altexpress and Logystec, led by industry veterans Maher Tarazi and Alexandra Turcu, finalised their merger mid -March 2024. The move strengthens the company’s market position and is set to introduce a new era of logistics excellence. By integrating Logystec, Altexpress’s goal is to reshape the eFulfillment landscape in Romania and beyond. The strategic merger aims to reach a turnover of 5 million euros by the end of 2026, with a projected turnover exceeding 3 million euros in the first year.
Altexpress, a courier and eFulfillment service provider, also announces a significant development in its corporate structure. Alexandra Turcu of Logystec has joined Altexpress as a Chief Commercial Officer and Partner. This move coincides with the integration of Logystec, a frontrunner in automated eFulfillment solutions, into the Altexpress family, effective March 2024.
The merger symbolizes the unification of two powerhouses in the logistics and eFulfillment fields and marks the commencement of an innovative journey, fueled by an investment of 100,000 euros earmarked for technology, marketing, and logistics enhancements.
Maher Tarazi, reflecting on the merger, remarked, “With Altexpress’s focus on reducing inefficiencies and enhancing operational excellence, joining forces with Logystec amplifies our capacity to innovate and lead in the logistics sector. Our combined efforts will further streamline shipping processes, ensuring seamless service delivery.”
Alexandra Turcu stated, “Uniting with Altexpress marks a milestone in our journey towards logistics excellence. Our synergy will drive innovation, efficiency, and a customer-centric approach that sets new standards in the industry. Together, we embark on a path of transformative growth, underpinned by a shared vision: logistics made simple.“
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