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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.
Details: EasyLease will gain access to Gallega’s existing infrastructure, including 3.5 mn sqft of logistics infrastructure in Abu Dhabi, as well as other the firm’s facilities in Dubai, according to the statement. 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.
EasyLease has been on an acquisition spree: EasyLease acquired in April a 60% stake in UAE-based Alserkal Group subsidiary and transportation technology solutions provider United Trans. The firm also snapped up in December a 60% stake in Ripe, which offers various services including container and commercial kiosk rentals. It also acquired a 60% stake the same month in UAE-based electric charger manufacturing and installation company Fully Charged, to increase decarbonization in last-mile delivery across the UAE and the region.
