Maqta Gateway buys 60% shareholding in Dubai Technologies

Maqta Gateway buys 60% shareholding in Dubai Technologies

Maqta Gateway, AD Ports Group’s digital arm and enabler of cutting-edge trade digitalization solutions, has acquired a 60 percent equity stake in Dubai Technologies, a trade and transportation solutions’ developing company headquartered in Dubai. The total purchase consideration for the 60 percent shareholding amounts to $7.6 million. The company has developed an intelligent ports’ operations […]Maqta Gateway, AD Ports Group’s digital arm and enabler of cutting-edge trade digitalization solutions, has acquired a 60 percent equity stake in Dubai Technologies, a trade and transportation solutions’ developing company headquartered in Dubai.

The total purchase consideration for the 60 percent shareholding amounts to $7.6 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 utilized 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 for ports’ digitalization, in addition to realising cost synergies for the Group with its gradual implementation across all international ports managed by AD Ports