United States’ B2B healthcare marketplace serving the Middle East and North Africa, Aumet, has announced the acquisition of Platform One, an Egypt-based healthcare supply chain solutions startup, for an undisclosed amount.
The acquisition will enable Platform One’s full operation across Saudi Arabia, the United Arab Emirates, Egypt, and Jordan, with over 5,000 active pharmacies on its platform.
Platform One’s team will also handle Aumet’s operations in Egypt under the terms of the agreement, and Aumet will have access to Platform’s user base. The startup will also have access to Aumet’s full product suite, which includes Aumet MarketPlace, a mobile app and web application that connects pharmacies with pharmaceutical suppliers, Aumet Pharmacy, a POS and inventory management software solution
Platform One was launched in 2018 by Abd El-Hady Araby and Osama Alatroush to connect pharmacies to suppliers through efficient and accurate value chain integration.
Aumet’s CEO Yahya Aqel speaking said: “We are incredibly excited for our adventure to come with the Founders of Platform One, Yossry Farghaly, Abdelhady Araby, and Osama Al-Atroush, who will be managing Aumet’s activities in Egypt.”
Aumet is a B2B network that links Pharmacies and Pharmaceutical Suppliers across MENA, founded in 2015. The startup is focused on enabling manufacturers, distributors, and healthcare providers to exchange data, resulting in increased efficiency and better decision-making.
Yahya Aqel also commented on the synergy between the two startups.
“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,” Aqel said.
With over 150 pharmaceutical suppliers and 600 pharmacies on its marketplace, Platform One is Egypt’s top provider of digital business pharmaceutical solutions.