UAE News Today : Business

EasyLease acquires 60% stake in United Trans and expands into rail and smart mobility


Easy leasinga leading provider of integrated mobility solutions and a subsidiary of the International Holding Company (IHC), has acquired a 60% stake in Trans Uniteda rail and transportation technology solutions provider and a subsidiary of Alserkal group of companies.

The strategic measure marks an important step forward in EasyLease commitment to expanding its capabilities and presence throughout the regional mobility sector.

Established in 2008, Trans United has been at the forefront of transforming the regional transportation spectrum through its technology-enabled mobility solutions in transportation, including rail, smart mobility, aviation and maritime transportation, as well as its security screening solutions. . The company collaborates with leading global organizations across all modes of transportation and has a strong presence in the rail and smart mobility sectors.

Through the acquisition of a majority stake in Trans United by Easy leasing seeks to establish synergies between both entities, as well as develop combined expertise to offer enhanced mobility solutions to customers across the GCC and the broader MENA region.

Ahmad Al Sadah, CEO of EasyLeasesaying,

“This strategic move marks an important milestone in our journey to redefine mobility solutions and shape the future of transportation across the GCC and the broader MENA region. Through our combined capabilities, we can offer rail and transportation solutions enhanced mobility solutions that meet the changing needs of our customers and, going forward, we are in a strong position to unlock and capitalize on new possibilities. In essence, this partnership has laid the foundation for new strategic growth opportunities, paving the way for expansion and innovation in the transportation sector. industry.”

Raed Abu-Hijleh, CEO of United Trans, saying,

“This strategic partnership with EasyLease marks an exciting chapter for United Trans. By combining our expertise with EasyLease’s integrated mobility solutions, we are poised to deliver even greater value to our customers across the region, particularly in rail and smart mobility. With the region on the cusp of a mobility revolution, we are ready to lead the charge towards a future full of opportunity and transformation. Together, we aim to drive innovation and efficiency in the transportation sector, ultimately shaping the future of mobility in the GCC and MENA.”

News source: Emirates News Agency


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