EasyLease expands into railways and smart mobility with 60% acquisition of United Trans

EasyLease expands into railways and smart mobility with 60% acquisition of United Trans

Published: Wed 3 Apr 2024, 8:15 PM

EasyLease, a leading provider of integrated mobility solutions and a subsidiary of the International Holding Company (IHC), has acquired a 60 per cent stake in United Trans, a leading rail and transportation technology solutions provider and a subsidiary of Alserkal Group of Companies.

The move marks a major step forward in EasyLease’s commitment to expand its capabilities and presence across the regional mobility sector.

Established in 2008, United Trans 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. The company was also a pioneer in supporting unique smart mobility projects such as Dubai Bus on Demand, Ajman Bus on Demand & Abu Dhabi Link.

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 per cent acquisition of United Trans adds depth to EasyLease’s portfolio, whereby