AD Ports Group’s digital arm, Maqta Gateway, has acquired a 60% stake in trade and transport solutions provider Dubai Technologies for AED 28 mn, according to a company statement. Dubai Technologies’ founder will retain a 40% stake in the company, with its current management team continuing to oversee operations, the statement said.
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.
This is not Maqta’s first acquisition: Maqta also has a research and development hub in Vietnam after its acquisition of customs systems developer TTEK Inc in April 2023 for USD 26.7 mn.