Strategic majority acquisition expands EasyLease portfolio
EasyLease, a leading provider of integrated mobility solutions and a subsidiary of the International Holding Company (IHC), has acquired a 60% stake in United Trans, a leading rail and transportation technology solutions provider and a subsidiary of Alserkal Group of Companies.
The strategic move marks a major step forward in EasyLease’s commitment to expand its capabilities and presence across the regional mobility sector, according to a press communication.
Established in 2008, United Trans has been at the forefront of transforming the regional transport spectrum through its technology-enabled mobility solutions in transportation including rail, smart mobility, aviation and marine as well as its security screening solutions.
The company collaborates with major global organisations across all modes of transport and has a strong presence in the railway and smart mobility sectors. The company was involved in numerous key railway related projects in the region including Etihad RailDubai Metro, Dubai Tram, Dubai Airport People Mover & Doha Metro.
Through the acquisition of a majority stake in United Trans by EasyLease it seeks to establish synergies between both entities as well as build combined expertise to deliver enhanced mobility solutions to customers across the GCC and the broader MENA region.
The 60% acquisition of United Trans adds depth to EasyLease’s portfolio, whereby it be able to intensify the comprehensive range of mobility solutions it delivers to businesses across diverse sectors.
Synergies
The acquisition will also benefit from synergies with EasyLease’s expertise in integrated mobility solutions combined with United Trans’ extensive experience in the railway and smart mobility sectors creating an unparalleled value proposition for customers.
“At its core this partnership has set the stage for further strategic growth opportunities, paving the way for expansion and innovation in the transportation industry,” remarked Ahmad Al Sadah, CEO, EasyLease.
“This strategic partnership with EasyLease marks an exciting chapter for United Trans. Together, we aim to drive innovation and efficiency in the transportation sector, ultimately shaping the future of mobility in the GCC and MENA region,” commented Raed Abu-Hijleh, Managing Director, United Trans.
