Aumet acquires Egypt's Platform One
- Jordan-born and US-headquartered B2B healthcare marketplace Aumet has acquired Egypt-based healthcare supply chain solutions startup Platform for an undisclosed amount. The deal is aimed at enabling Aumet to set a foot in the Egyptian market.
- Founded in 2018 by Yossry Farghaly, Abdelhady Araby and Osama Al-Atroush, Platform currently has over 600 pharmacies listed on its platform and works with 150 suppliers. Founded by Yahya Aquel in 2015, Aumet connects pharmacies with suppliers across Mena. Currently, it has 5,000 pharmacies on its platform.
- As per the deal, Platform's team will lead Aumet's operation in Egypt while Aumet will have access to Platform's network of users.
US-based and MENA-servicing B2B healthcare marketplace Aumet has announced its acquisition of Egypt-based Healthcare supply chain solutions startup Platform One to become fully active across Saudi Arabia, United Arab Emirates, Egypt and Jordan with more than 5,000 active pharmacies on its platform.
Founded in 2015, Aumet connects Pharmacies with Pharmaceuticals Suppliers across MENA through its seamless B2B platform. In doing so, Aumet is also empowering manufacturers, distributors, and healthcare providers to exchange data that drives efficiency and optimized decision-making. With its acquisition of Platform one, Aumet now has access to Platform One’s network of users where the Cairo-based team will lead Aumet’s operations in Egypt.
Platform One is Egypt’s leading provider of digital business pharmaceutical solutions, with over 150 pharmaceutical suppliers and 600 pharmacies currently on its marketplace. In light of this recent acquisition, Aumet CEO Yahya Aqel highlighted, “Egypt is a crucial market for us, and Platform One has already set the building blocks for what’s next to come. The synergies that resonated between Aumet and Platform One were clear from the initial phases of interaction as both Companies are tech-focused digital solutions providers for the healthcare industry.”
Through this new power-partnership, pharmacies in Egypt will now get access to Aumet’s full product suite which includes Aumet MarketPlace, connecting Pharmacies with Pharmaceutical Suppliers through mobile app and web applications, Aumet Pharmacy, POS, and inventory management software solution, allowing pharmacists to manage their cash flow, and easily automating their orders with the “Stock Auto-Replenishment” feature connected to Aumet MarketPlace, and Aumet Pay, a payment gateway facilitating payments for Pharmacies and their Suppliers, disrupting traditional methods of cash collection. Aqel concluded with high hopes for this new merger “ We are extremely excited for our journey to come with the Founders of Platform One, Yossry Farghaly, Abdelhady Araby, and Osama Al-Atroush, who will be leading Aumet’s operations in Egypt.”