AD Ports Group buys 60% stake in Dubai Technologies for AED 28 million

Abu Dhabi, UAE: AD Ports Group, a leading provider of trade digitalisation solutions, has acquired a majority stake in Dubai Technologies, a developer of intelligent ports and transportation platforms. The deal will enhance AD Ports Group’s digital trade portfolio and capabilities, as well as create cost synergies and new opportunities for international expansion.

Dubai Technologies’ flagship product, Minato®, is a state-of-the-art digital twin technology for ports that will complement AD Ports Group’s single window offering for ports’ digitalisation.

Dubai Technologies also offers four transportation platforms and nine white-label solutions for regional government bodies. The company has a team of over 300 experts working across the UAE and India. AD Ports Group has an R&D hub in Vietnam following its previous acquisition of TTEK Inc.

Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “In line with the vision of our wise leadership, we at AD Ports Group have long realised the significance of keeping pace with advanced technologies and making the best of advanced solutions and innovations to reimagine the future of trade regionally and globally.

This acquisition reflects our strategic plans aimed at boosting AD Ports Group’s position as an integrated digital trade solutions’ provider to core markets, while increasing self-reliance for critical technologies to our business.

It also 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.

The extended technical capabilities acquired through this investment will be instrumental in delivering a more differentiated service to international markets. We also look forward to leveraging cost synergies, offering superior operational efficiencies, and unmatched solutions to our partners and stakeholders.”

Commenting on the investment, Dr Noura Al Dhaheri, CEO of Digital Cluster and CEO of Maqta Gateway, AD Ports Group, said: “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.

This acquisition is yet another milestone in our journey as we forge ahead to be the leading global trade facilitator under the auspices of our wise leadership.”

The founder will retain 40% stake in the company and the existing leadership team will remain in management to deliver on the strategic growth plans.

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