AD Ports group acquires majority stake in Dubai Technologies

AD Ports group acquires majority stake in Dubai Technologies

  AD Ports Group announced that Maqta Gateway, its digital arm and enabler of cutting-edge trade digitalisation solutions, has acquired a 60 per cent equity stake in Dubai Technologies, a trade and transportation solutions’ developer headquartered in Dubai.   The total purchase consideration for the 60 per cent shareholding amounts to AED 28 million.   The company’s FY2023 financial performance recorded revenues of AED 70.5 million and […]

via AD Ports group acquires majority stake in Dubai Technologies

 

AD Ports Group announced that Maqta Gateway, its digital arm and enabler of cutting-edge trade digitalisation solutions, has acquired a 60 per cent equity stake in Dubai Technologies, a trade and transportation solutions’ developer headquartered in Dubai.

 

The total purchase consideration for the 60 per cent shareholding amounts to AED 28 million.

 

The company’s FY2023 financial performance recorded revenues of AED 70.5 million and EBITDA of AED 8.4 million.

 

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.

 

Minato® is currently utilised by international port operators and includes the highly coveted advanced