EasyLease acquires majority stake in United Trans

UAE-based EasyLease snaps up majority stake in United Trans: UAE-based InternationalHolding Company (IHC) subsidiary and integrated mobility solutions provider EasyLease has acquired a 60% stake in UAE-based Alserkal Group subsidiary and transportation technology solutions provider United Trans, at an undisclosed sum, according to a press release (pdf). The move comes as EasyLease looks to boost its foothold in the regional smart mobility and railway sectors, the statement said.

What they said: The two companies look to collaborate to “deliver enhanced mobility transportation and rail solutions that meet the evolving needs of our customers,” EasyLease CEO Ahmad Al Sadah said. The partnership will also enable the pair to unlock new avenues for growth in the GCC and regional transport sectors, Al Sadah also said.

About United Trans: Founded in 2008, the outfit provides technology-enabled mobility transport solutions for the rail, aviation, and marine sectors, while also supplying security screening solutions, and maintaining an emphasis on rail and smart mobility, the statement said. United Trans has taken up landmark projects in the GCC, including Dubai Metro, Dubai Tram, Dubai Airport People Mover, and the Doha Metro.

EasyLease has been on an acquisition spree: The firm obtained a 60% stake in Ripe, which offers food truck, drive through, and events management services, in December 2023. EasyLease also acquired a 60% stake in UAE-based electric charger manufacturing and installation outfit Fully Charged, that same month.