US$ 7.62mn strategic investment to broaden digital trade portfolio
The total purchase consideration for the 60 per cent shareholding amounts to AED 28mn (US$ 7.62mn).
The company has developed an intelligent ports’ operations management platform – Minato®, four transportation platforms, and nine white-label solutions that are custom-built for regional digitally focused government bodies. All solutions are built in-house by the company’s 300+ team members working collaboratively across the UAE and India.
Port operators
Minato® is currently utilised by international port operators and includes the highly coveted advanced digital twin technology for ports. It will be a great addition to Maqta Gateway’s inhouse single window offering for ports’ digitalisation, in addition to realising cost synergies for the Group with its gradual implementation across all international ports managed by AD Ports Group.
The company’s transportation platform comprises of fleet management, passenger transportation, smart driving analytics, and waste transportation management, which can be leveraged by the Group to enhance logistics’ efficiencies in hinterland and industrial zones’ operations.
“This acquisition reiterates our commitment to harness the power of emerging technologies that moves us closer to our ambition of developing an integrated digital portfolio of innovative trade solutions that future-proof supply chains,” affirmed Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.
Expertise
“Dubai Technologies has three decades of expertise in delivering best-in-class trade and transportation solutions to government and large enterprises. We are confident that the addition of these solutions to our portfolio, and the access to this unrivalled expertise will open-up prospects to enhance our customer base, better serve our existing customers, and spur growth plans,” commented Dr Noura Al Dhaheri, CEO, Digital Cluster and CEO, Maqta Gateway, AD Ports Group.
“This is truly a pivotal moment for us at Dubai Technologies. Becoming a part of Maqta Gateway and AD Ports Group will enable wider access to international markets and bigger opportunities, adding fuel to our ambition of connecting people and making the world smarter, sustainably,” commented Ahmed Alrafi, Founder, Dubai Technologies.
