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UAE’s EasyLease makes another acquisition: Motorcycle lessor and International Holding Company (IHC) subsidiary EasyLease acquired a 51% stake in Dubai-based Ghassan Aboud Group’s multi-sector logistics services provider Gallega Global Logistics for an undisclosed sum, according to a statement.
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What’s in it for EasyLease? The company will gain access to Gallega’s existing infrastructure, including 3.5 mn sq ft of logistics infrastructure in Abu Dhabi, as well as other the firm’s facilities in Dubai, the statement notes. The acquisition will allow EasyLease to expand its service offerings and enter new markets, it added. Both companies are looking to invest in advanced mobility technologies and AI.
On an acquisition spree: EasyLease acquired a 60% stake in UAE-based Alserkal Group subsidiary and transportation technology solutions provider United Trans back in April. The firm also snapped up a 60% stake in Ripe last December, which offers various services including container and commercial kiosk rentals. That same month, it acquired a 60% stake in UAE-based electric charger manufacturing and installation company Fully Charged, to increase decarbonization in last-mile delivery across the UAE and the region.
