Maqta Gateway acquires 60% stake in Dubai Technologies

Maqta Gateway acquires 60% stake in Dubai Technologies

ABU DHABI / WAM AD Ports Group announced today that Maqta Gateway, its digital arm and enabler of cutting-edge trade digitalisation solutions, has acquired a 60 percent equity stake in Dubai Technologies, a trade and transportation solutions’ developer headquartered in Dubai. The total purchase consideration for the 60 percent shareholding amounts to AED28 million. The ...

ABU DHABI / WAM

AD Ports Group announced today that Maqta Gateway, its digital arm and enabler of cutting-edge trade digitalisation solutions, has acquired a 60 percent equity stake in Dubai Technologies, a trade and transportation solutions’ developer headquartered in Dubai. The total purchase consideration for the 60 percent shareholding amounts to AED28 million. The company’s FY2023 financial performance recorded revenues of AED70.5 million and EBITDA of AED8.4 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 digital twin technology for ports. It will be a great addition to Maqta Gateway’s in-house single window offering