Sign in
AD Ports Groupdigital arm Maqta Gateway has acquired a 60% stake in trade and transport solutions providerDubai Technologiesfor AED 28 mn, according to a press release. Dubai Trade’s founder will maintain a 40% stake in the company with the company retaining its current leadership, the statement notes.
The acquisition will see Maqta Gateway integrate Dubai Technologies’ solutions into its in-house port digitization software, the company said. That includes the company’s flagship software, Minato, which includes fleet management, passenger transportation, smart driving analytics, and waste transportation management, the statement said.
What they said: “The extended technical capabilities acquired through this investment will be instrumental in delivering a more differentiated service to international markets. We also look forward to leveraging cost synergies, offering superior operational efficiencies, and unmatched solutions to our partners and stakeholders” Managing Director and Group CEO of AD Ports Group Mohamed Juma Al Shamisi said.
